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Mines and Minerals (Amendment) Act 2014 (No. 6 of 2014).

Country/Territory
Solomon Islands
Document type
Legislation
Date
2014
Source
FAO, FAOLEX
Original source
Solomon Islands Sessional Legislation.
Long title
An Act to Amend the Mnes and Minerals Act to give effect to the amendments made to the Income Tax Act; which introduces a new mining tax regime.
Subject
Mineral resources
Keyword
Mining Tax/levy Royalties/fees Liability/compensation Authorization/permit
Geographical area
Asia and the Pacific, Least Developed Countries, Melanesia, Oceania, Small Island Developing States, South Pacific
Abstract

This Act amends the Mines and Minerals Act by providing for a new tax regime for mining operations. It, among other things, adds a new section (36A) allowing the Minister to require construction of approved infrastructure as a condition of a mining license. The Act also amends section 45 by specifying anew the amount of royalties for specific mining and how the moneys received will be divided between the central government, land owners and the relevant provincial government.

Full text
English
Website
www.parliament.gov.sb

References - Legislation

Amends

Mines and Minerals Act 1990 (No. 3).

Legislation | Solomon Islands | 1990 (1996)

Keyword: Mining, Exploration, Protected area, Authorization/permit

Source: FAO, FAOLEX