rutile mining royalties

rutile mining royalties

Engebø Rutile and Garnet - Nordic Mining

Nordic Mining ASA (“Nordic Mining”) has completed the Updated Definitive Feasibility study (“UDFS”) for the Engebø Rutile and Garnet project (“the Project”). The UDFS is an update of the DFS which was completed in January 2020. As a consequence of the

Sierra Rutile’s economic contribution in Sierra Leone

2021-10-13 · In addition, under the Sierra Rutile Act, Sierra Rutile pays royalties to the GoSL at a rate that is 1% higher than that set out in the domestic law. Sierra Rutile’s total payments to the Government in 2017 and 2018 was US$55 million, representing an average of 21% of Sierra Rutile’s revenue over the two income years. Total

Sierra Leone’s dodgy mining deals – Someone is sharing

2012-7-27 · Royalties from rutile, bauxite, diamond, and gold accounted for US$3 Million or 13 % of government revenue from mining. In contrast to profit-based income taxes, royalties are generally considered difficult to evade and easy to administer. But Sierra

Sierra Leoneans are impoverished by dodgy mining ...

2012-1-4 · Royalties from rutile, bauxite, diamond, and gold accounted for US$3 Million or 13 % of government revenue from mining. In contrast to profit-based income taxes, royalties are generally considered difficult to evade and easy to administer. But Sierra Leone has difficulties monitoring the production and exports of mining companies.

Rates of Royalty - IBM

2021-11-30 · Rates of Royalty in respect of item 11 relating to Coal including Lignite as revised vide notification number G.S.R. 572(E), dated the 16th August, 2002 of Government of India, in the Department of Coal, will remain in force until revised through a separate notification by

How valuable is Iluka Resources’ MAC royalty? »

The company owns a significant asset known as the “MAC royalty” receiving an extremely lucrative royalty rate on iron ore revenue generated from BHP’s Mining Area C mine. Iluka is involved in “mining” and processing mineral sands deposits, producing titanium dioxide products such as rutile, synthetic rutile and ilmenite that are ...

Iluka Website - Investment Proposition

Iluka is a leading international mineral sands company with over 60 years’ experience in exploration, development, mining, processing, marketing and rehabilitation. Iluka is a market leader in the supply of zircon and high grade titanium dioxide feedstocks (rutile and synthetic rutile).

Iluka to book $US290m impairment of Sierra Rutile assets

2019-12-17 · The big blows come after a review of SRL flagged in October when Iluka said it was considering a demerger of the royalty it earns from BHP’s Mining Area C. ...

Kwale miner to pay Treasury Sh2bn royalties in fresh deal ...

2021-10-1 · Base Titanium, the company extracting titanium minerals in Kwale County, will pay the government $18.6 million (Sh2 billion) in the form of higher royalties in

Mineral royalties - Department for Energy and Mining

2021-11-26 · Pursuant to section 17A of the Mining Act 1971 the new mine rate commences on the date that first royalty is due and payable. The reduced royalty rate applies for a maximum period of ten consecutive 6-month returns. The reduced royalty for a new mine is currently set at a rate of 2.0 per cent of the value of the minerals.

Iluka halts Sierra Rutile, mulls royalty spin-off

2020-2-20 · The royalty company will have a strong growth outlook given that Mining Area C’s yearly iron-ore production is expected to more than double to 145-million tonnes by 2023, once BHP’s South ...

Why Iluka Resources’ lucrative iron ore royalty is back in ...

2016-12-19 · As its name suggests, the company produces rutile, a titanium dioxide feedstock. But considering its size and that it is yet to be fully integrated into the business, it is fair to consider it alone. Iluka’s fourth pillar is the royalty received from BHP in regards to its Mining Area C (MAC) iron ore project in Western Australia’s Pilbara ...

Iluka Resources and its lucrative BHP iron ore royalty ...

2019-7-17 · The company owns a significant asset known as the "MAC royalty" receiving an extremely lucrative royalty rate on iron ore revenue generated from BHP's Area C mine. Iluka is also involved in mining and processing mineral sands deposits,

How valuable is Iluka Resources’ MAC royalty? »

The company owns a significant asset known as the “MAC royalty” receiving an extremely lucrative royalty rate on iron ore revenue generated from BHP’s Mining Area C mine. Iluka is involved in “mining” and processing mineral sands deposits, producing titanium dioxide products such as rutile, synthetic rutile and ilmenite that are ...

Mineral royalties - Department for Energy and Mining

2021-11-26 · Pursuant to section 17A of the Mining Act 1971 the new mine rate commences on the date that first royalty is due and payable. The reduced royalty rate applies for a maximum period of ten consecutive 6-month returns. The reduced royalty for a new mine is currently set at a rate of 2.0 per cent of the value of the minerals.

DFS reinforces Engebø as a world class rutile and garnet ...

2020-1-27 · This document has been used by Nordic Mining during an oral presentation. Therefore, this document is incomplete without the oral ... •Rutile is the highest grade titanium feedstock and ... Rutile and garnet combined 3) Net of royalties Yearly average sales1 Garnet Rutile 278 ktpa34

Iluka to book $US290m impairment of Sierra Rutile assets

2019-12-17 · Rutile production from SRL to September was 93,000 tonnes, with full year production expected to reach about 135,000 tonnes compared to 122,000 tonnes in 2018.

Mineral sands - Earth Resources

2021-6-2 · Mineral sands are used for many purposes and can be found in a range of everyday household products. Titanium minerals – which include ilmenite, leucoxene and rutile – are used as the feedstock to produce pigments for colourants in paints, paper and plastics. Titanium is also used in sunscreen and in joint replacement, such as knee and hip ...

How valuable is Iluka Resources’ MAC royalty? « ROGER ...

2019-7-12 · The royalty – entered into in 1994 – entitles Iluka to receive a royalty rate of 1.232 per cent of iron ore revenue generated from BHP’s Mining Area C mine, as well as a step up in payments for an increase in production capacity from the mine. The

Iluka to spin off BHP iron ore royalty ... - Mining Technology

2020-2-20 · Iluka Resources has announced plans to demerge its royalty business at the BHP-operated Mining Area C (MAC) iron ore project in Western Australia following a company review. Iluka holds a royalty over iron ore produced from MAC which is

Iluka halts Sierra Rutile, mulls royalty spin-off

2020-2-20 · The royalty company will have a strong growth outlook given that Mining Area C’s yearly iron-ore production is expected to more than double to 145-million tonnes by 2023, once BHP’s South ...

Iluka Resources and its lucrative BHP iron ore royalty ...

2019-7-17 · The company owns a significant asset known as the "MAC royalty" receiving an extremely lucrative royalty rate on iron ore revenue generated from BHP's Area C mine. Iluka is also involved in mining and processing mineral sands deposits,

DFS reinforces Engebø as a world class rutile and garnet ...

2020-1-27 · This document has been used by Nordic Mining during an oral presentation. Therefore, this document is incomplete without the oral ... •Rutile is the highest grade titanium feedstock and ... Rutile and garnet combined 3) Net of royalties Yearly average sales1 Garnet Rutile 278 ktpa34

Iluka Resources Limited | Mining Business Media ...

The rapid growth in production by Australian-based mineral sands miner Iluka Resources has continued through the Sept qtr (Q3FY2021), with its zircon/rutile/synthetic rutile output reaching 201,000t, up from 175,300t in the previous period. Production of ilmenite also increased to 165,100t (Q2: 160,000t) and monazite concentrate to 12,200t (10 ...

Minerals for a sustainable future

2020-2-11 · This document has been used by Nordic Mining during an oral presentation. Therefore, this document is incomplete without the oral ... Rutile and garnet combined 3) Net of royalties Yearly average sales1 Garnet Rutile 278 ktpa34 Capex USD 311m Average per year1,2 USD 106m USD 24m USD 82m 6. 7

Minerals royalty rates in India: Comparison with other ...

2020-9-23 · Ad valorem royalty (value-based) is output-based royalty that is levied as a percentage of the value of production of minerals in a mining project. Chakraborty et al. (2016) show that tonnage-based royalty rates are much lower than other regimes as costs of “mining, smelting, milling and refining do not affect the royalty base” and thus ...

Iluka to spin off BHP iron ore royalty ... - Mining Technology

2020-2-20 · Iluka Resources has announced plans to demerge its royalty business at the BHP-operated Mining Area C (MAC) iron ore project in Western Australia following a company review. Iluka holds a royalty over iron ore produced from MAC which is

Why Iluka Resources' lucrative iron ore royalty is back in ...

2016-12-18 · Iluka's fourth pillar is the royalty received from BHP in regards to its Mining Area C (MAC) iron ore project in Western Australia's Pilbara region. The long-standing arrangement provides Iluka ...

Iluka Suspends Operation at Sierra Rutile - The Calabash ...

2020-2-21 · The temporary suspension of the Sierra Rutile operation comes as Iluka reported a net loss after tax of A$300-million for the full 2019, down from a net profit after tax of A$304-million in the previous financial year, on the back of a A$414-million write

Kwale miner to pay Treasury Sh2bn royalties in fresh deal ...

2021-10-3 · The doubling of the royalty rate means the government will earn more from the Kwale mining operation going forward. Base Titanium had set aside Sh3.4 billion as it prepared to pay the backdated royalties but will now pay the lower amount of Sh2 billion in the deal that has seen the government avoid making VAT refunds to the company.