mining royalties definition

Intellectual Property Valuation and Royalty Determination by Tim Heberden ‐ 1 ‐ Chapter 4 of 'International Licensing and Technology Transfer: Practice and the Law', edited by Adam Liberman, Peter Chrocziel, and Russell Levine, 2011 update, published by Wolters Kluwer Law Business.

2 Mining's new frontier: Digging deeper into sustaining costs Investors and analysts are increasingly calling for a more complete and transparent disclosure of total costs of production in the mining .

Companies that lease these lands to produce oil and natural gas pay royalties to the Department of the Interior's Minerals Management Service (MMS) based on a percentage (the royalty rate) of the cash value of the oil and natural gas produced and sold.

A mineral royalty should be distinguished, as a matter of definition, from a "lease royalty" and an "overriding royalty." A lease royalty is that interest

Mineral property includes oil and gas wells, mines, and other natural deposits (including geothermal deposits). For this purpose, the term "property" means each separate interest you own in each mineral deposit in each separate tract or parcel of land.

Canadian Taxation of Mining by Steve Suarez M ining represents one of the most important sectors of Canada's economy. Mineral extraction within the country has historically been a leading con

What is a 'Royalty Interest' A royalty interest in the oil and gas industry refers to ownership of a portion of the resource or revenue that is produced. A company or person that owns a royalty ...

Calculation and Payment of Royalties – Unleased Mineral Owners and NonRatified Royalty Owners By Terry E. Hogwood, AttorneyAtLaw This paper was written to place in one article the general principles of royalty ownership and its calculation

WILLOW BELDEN: In 2012, the tribes who share the Wind River Indian Reservation, the Eastern Shoshone and the Northern Arapaho Tribes, came to a settlement with the federal government for a mineral royalties mismanagement case dating back to the 1970's.

The compensation that is paid to the owner of an asset based on income earned by the asset's user. For example, an oil company pays royalties to the owners of mineral rights, and a book publisher compensates its authors with royalty payments.

"Mineral rights" entitle a person or organization to explore and produce the rocks, minerals, oil and gas found at or below the surface of a tract of land. The owner of mineral rights can sell, lease, gift or bequest them to others individually or entirely. For example, it is possible to sell or lease rights to all mineral commodities beneath a property and retain rights to the surface.

Mineral or Royalty owner's share of production, net of production and transportation expenses, when and if oil and/or gas is produced on the property. Most often expressed in 1/8 units (or some fraction) of the production but can also be expressed as percentage of production.

Alaska levies a mining license tax on mining net income and royalties received in connection with mining properties and activities in Alaska. The Tax Division collects mining license taxes primarily from businesses engaged in coal and hard rock mining in the state.

Gold Royalties has approximately CDN 2m in cash and a portfolio of 18 royalties on 13 mining projects located in Canada, including one royalty that is generating cash flow from gold production.

Mining Taxation in Canada The mining industry is a highly cyclical and capitalintensive, with a long lead time between initial investment and commercial production. Accordingly, the federal and provincial income tax and provincial mining tax systems treat exploration and other intangible mining .

gas and mineral royalty or royalties deliverable or payable on production of oil, gas and other minerals, or any one of them, under the terms of any existing or future lease or leases insofar as such lease or leases cover the lands, or any portion thereof, described in Exhibit A, attached

Revised proposal for revenue from contracts with customers Implications for the mining metals sector ... Royalty income 8 Royalty payments 10 Inventory exchanges 10 Takeorpay arrangements 11 ... March 2012. 4 Applying IFRS in Mining and Metals — March 2012 Scope Definition .

Royalty Interest | definition A n interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

NOTE: This summary is intended to assist readers in understanding the mineral royalty regime used in Nunavut and the Northwest Territories. For an exact statement of the royalty requirements please see the Nunavut Mining Regulations and the Northwest Territories Mining Regulations.

The collection of mining royalties is based on 'self assessment' which means it is the responsibility of the mining lease holder to calculate, pay and lodge their returns by the due date. For more information download the OSR factsheet about the collection of royalties.

The Julio Vein extends more than 800 meters before it buries and is known for high bonanza grades which includes the underground mining site on the property and is estimated at 415,000 tons on the surface with a minimum of 5 grams per ton.