canada windfall tax on minerals

Mining Taxation in Canada | Natural Resources Canada

Oct 2, 2017 ... The mining industry is a highly cyclical and capital-intensive, 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 expenses generously. Mining...

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Exploration and Mining in Canada: An Investor's Brief

minerals and metals sector in Canada, and to promote investment in exploration projects and mining operations. This publication has been prepared on ... investment in public geoscience, a favourable tax regime, fiscal measures to encourage ...... “windfall” royalties during the recent commodity boom, Canada's mining tax...

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Ecuador mining industry to grow eightfold by 2021 — report ...

Apr 19, 2017 ... Under Correa, Ecuador relaxed the implementation of the 70% windfall tax on profits, now only applied after the firm has regained full capital investment and only if ... In March, Canada-based Aurania Resources acquired EcuaSolidus, which owns 42 mineral exploration licences in the country's southeast.

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Taxation of Natural Resources – Annex (Grote) - the United Nations

Cross-country comparisons: royalties & rent taxes. UN Financing for Development Office & IFAD. Rome, 4-5 September 2007. M Grote. National Treasury, South Africa. SA proposed royalty rates (Draft 2006). 0.5. Feldspar, fluorspar, barytes, gypsum, magnesite, mineral pigments, silica, sillimanite, talc, slate, shale,...

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Taxation of Natural Resources (Grote) - the United Nations

Sep 4, 2007 ... Low burden fiscal measures to compensate for project & sovereign risk; Recoup initial capital outlay on mining, oil & gas projects over shortest time possible; Maximising long-run post-tax returns; Fiscal stability provisions – no windfall profit taxes when commodity prices increase; Preference for Rent...

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Mineral Rent and Taxation - Nickel Asia

It some developed countries like the US, Canada and Australia, it seems that even big environmentalist groups do not lobby for mining closure but their ... Two, have tax stability, reduce demand for ad hoc tax on excess or windfall profits as there are also no ad hoc tax breaks or subsidies for excess losses when world metal...

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A Guide to Canadian Mining Taxation - KPMG

major mining markets) and many companies have taken impressive steps toward stabilizing their financial issues. As this edition of A Guide to Canadian Mining Taxation goes to press, two issues are capturing global attention. The first is base erosion and profit shifting (BEPS), a tax-specific ethical issue. Governments are...

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Daewoo Minerals Canada Mining News - The Northern Miner

Serengeti sees potential underground at Kwanika. VANCOUVER — Underground and open-pit mining at Serengeti Resources' (TSXV: SIR) Kwanika copper-gold property, 250 km east of Smithers, B.C., could boost the project's economics,…

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Capturing a fair share of fiscal benefits in the extractive ... - UNCTAD

This includes an increase in the rate of ad valorem mineral royalties from 0.6% to 3%, a rise in the applicable rate of ... 2 The Mongolian windfall tax took the form of a 68% levy on profits triggered by prices of gold ..... Sea oil and the Additional Profits Tax pioneered by Australia, Canada and Papua New. Guinea in the 1970s...

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2015 Global oil and gas tax guide - EY

and gas tax contacts. The content is based on information current to. 1 January 2015, unless otherwise indicated in the text of the chapter. Tax information ...... amortization costs and exploitation costs from the gross income. TEP or windfall tax. TEP was introduced by Ordinance No. 06-10 dated 29 July 2006 and only.

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Mining Tax Canada | Current Developments

Mining Tax Canada Canada's Mining Tax Resource.

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Mineral Taxation Report - Oxford Policy Management

49. 4.2.2.2 Peru. 49. 4.2.2.3 Ghana. 50. 4.2.3 Fiscal decentralization of mining revenues: Canada and. Australia. 52. 4.2.3.1 Australia. 52. 4.2.3.2 Canada. 53. 4.2.4 Direct contributions to ... 5.5 Capacity to spend mineral tax revenues effectively. 58 ...... progressive profit taxes, price based windfall taxes and sliding scale...

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making the most of deep seabed mineral resources - International ...

Jul 2, 2014 ... Object: to present an overview of the typical accounting, tax & royalty treatments as various mining stages / phases. 8 ..... Canada, having remained largely stable for many years, is reviewing its mining models;. Quebec is now ..... Ghana is seeking to reintroduce a windfall tax on mining profits at. 10% on...

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First Quantum Minerals - AGE (African Growing Enterprises) File ...

First Quantum's common shares are listed for trading on the Toronto Stock Exchange in Canada (symbol "FM"), the London Stock Exchange (symbol "FQM") in the .... There were positive changes to the mining tax regime announced including: abolition of the windfall tax; increase in the capital allowance back to 100%; and...

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Zambia - Chr. Michelsen Institute

Feb 1, 2016 ... Zambia has a long history of disputed changes of the mining tax regime with damaging effects on the working relations between ... value, and a windfall tax was to be triggered at different price levels for different base .... When the new mining act was passed in Parliament in December 2014, the Canadian.

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Divergent Mineral Rights Regimes: A Natural Experiment in Canada ...

Divergent Mineral. Rights Regimes. A Natural Experiment in Canada and the United States Yields Lessons. *. Mineral. Rights retained by the crown. Minerals are reserved by the ... and inconsistencies;. • US and Canadian mining tax regimes. ..... political pressure over granting windfall mineral rights to non-mineral pro-.

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Ecuador a Reformed Mining Jurisdiction? | MiningFeeds

Nov 30, 2017 ... If you mention Ecuador in mining circles, you will get some raised eyebrows and mumbled cuss words from Canadian mining executives. This is becau ... Ecuador's infamous windfall profits tax and a series of other unfavorable provisions made almost any mining project unprofitable. The windfall profits tax...

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Nevada Mining Fact Sheet | Progressive Leadership Alliance of ...

Feb 5, 2013 ... The money will be in Canada and other foreign countries, leaving Nevada with clean up costs and massive pits. ... Barrick pays next to nothing in taxes on the huge windfall profits from the world's most profitable gold mine—paying a mere 1% on gross production value in taxes to Nevada's General Fund in...

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Mining Journal - Ecuador Tax Rate Competitive

Ecuador tax rate competitive. Incremental reforms through 2015 and 2016 mean Ecuador's net tax take is in line with other countries in the region, Patrick Barnes of Wood Mackenzie, the architects of Ecuador's fiscal overhaul, told delegates at the 'Ecuador Day' event at the PDAC Convention in Toronto, Canada.

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A guide to mining taxation in Zambia - Africa Portal

As a result, while technical terms such as “windfall tax” are frequently used by participants in the debate, there is no common understanding of the term. This guide has been written to address this information gap and to inform one of the most important debates in. Zambia. 1.1 What this guide is not. This guide covers mining...

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Windfall - Mining Atlas

Windfall is a Gold Project, also known as Urban Barry, in Canada owned by Osisko Mining. General: The goal of the future exploration and definition drilling programs is to delineate mineralized zones that can be mined either by underground mining o... For more data on production, status, ownership, capex and other...

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Tanzania: Bomani mining committee issues report

Two Canadian companies, Barrick Gold Corporation and Tanzania Royalty Exploration (TRE) Corporation, control over 50 percent of Tanzania's gold projects. ... These and other foreign corporations have made windfall profits out of the more than $2 billion earned in gold exports in the past decade when tax exemptions...

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Zambian Economist: Politics of Windfall Tax

Dec 4, 2013 ... While many of these measures, especially the increase of royalties had largely been anticipated, the introduction of a windfall tax on base metal revenues and the profit variable tax – took the mining companies by surprise. The windfall tax was to be triggered at different price levels for different base metals.

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Understanding Mining Taxation in Canada - MiningWatch Canada

Aug 24, 2004 ... Resource Allowance therefore created a windfall for the companies. The Government of Canada estimated the cost of the RA in 2001 to be almost $141 million. Bill C-48, passed in December 2003, changed all this. It will reduce the federal tax rate for mining companies from 28% to 21%, but it will.

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McLaren, John --- "Petroleum and Mineral Resource Rent Taxes ...

The Australian Government has introduced a Mineral Resource Rent Tax (MRRT) on iron ore, coal and gas from coal seams effective from 1 July 2012. The MRRT .... Thus Garnaut and Clunies Ross say that most discussion of economic rent is about windfall profits, barriers to entry and transfer rents, but that these terms are...

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Many Ways to lose a billion - Publish What You Pay

PWYP-Canada would like to thank the Omidyar Network, the Natural Resource. Governance Institute, World Vision Canada and the Publish What You Pay ...... In the mining sector, the mix of fiscal instruments commonly includes royalty payments and corporate income tax (and increasingly a windfall or “resource rent” tax),...

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Ecuador ready for foreign investment: mining minister - International ...

Oct 5, 2017 ... Ecuador's minister of mining Javier Felipe Córdova was surrounded by enthusiastic mining executives after his presentation at the 2017 Mines and Money. ... Toronto, Canada /AFP/. Ecuador's minister ... The government removed the windfall tax and did a benchmark analysis of the tax burden in the region.

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IGWG text 2006.qxp - Publications du gouvernement du Canada

future of this tax measure beyond its planned expiry date. 4 Intergovernmental Working Group on the Mineral Industry, Taxation Issues Relating to Exploration and the. Restructuring of Resource Taxation, Canadian Mines Ministers' Conference, Halifax, Nova Scotia, September. 2003. 5 Intergovernmental Working Group on...

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Osisko Mining Inc. - Southern Arc Minerals

OSISKO MINING INC. Investment in Osisko Mining Inc. www.osiskomining.com. In August 2013, Southern Arc invested $8,850,366 to acquire a 26% interest in Eagle Hill Exploration Corporation, which was advancing the high-grade Windfall Lake gold project in Quebec, Canada. In August 2015, Eagle Hill was acquired by...

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an analysis of mining sector economics in mongolia - FTP Directory ...

n October 2009, the Government of Mongolia signed an agreement with Canada based private mining company ... “In the period ahead, the Mongolian economy stands to benefit considerably from its significant mineral ..... In 2007, the Parliament of Mongolia approved a Windfall tax law, which imposed a 68% tax on profits.

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Mineral Resources Rent Tax - will it work? - Grattan Institute

Canada comes in second about $420, and then there‟s a bunch of other countries that are somewhere between. $200 and $300. So it is easy for us to forget just the enormous scale of mining investment in Australia over that ... changes to our minerals tax regime and the fact that that debate coincided with the loss of office.

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Illegal Extraction of Minerals as a Driver of Conflict in Afghanistan ...

Jul 24, 2017 ... Illegal and unregulated mineral extraction deprives the government of revenue owed in the form of royalties and taxes that, among other things, could fund critical security services. .... Matt DuPee, “The Taliban Stones Commission and the Insurgent Windfall from Illegal Mining,” CTC Sentinel 10, no.

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