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Regulations on mines royalties the Mines and Minerals Act, No. 33 of 1992.

Country/Territory
Sri Lanka
Document type
Regulation
Date
2013
Source
FAO, FAOLEX
Original source
The Gazette of the Democratic Socialist Republic of Sri Lanka (Extraordinary) No. 1833/ 11, 23 October 2013, p. 1A.
Subject
Mineral resources
Keyword
Exploration Minerals Mining Royalties/fees Authorization/permit
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Abstract

The Mining (Licensing) Regulation, No. 1 of 1993 published in Gazette Extraordinary, No. 794/23 of November 26, 1993, as amended are hereby further amended in Regulation 33 by the substitution for paragraph (4) thereof of the following: Royalties charged from sales or determined market value of mine output shall, unless otherwise specified in the Mineral Investment Agreement, be a percentage of that value, as following: Precious metals 7%; Industrial minerals (not exported) 6%; Industrial minerals (exported) 7%; Building materials 4%; Dimension stone (exported) 7%; Base and other metals 6%.

Full text
English
Website
www.documents.gov.lk

References - Legislation

Implements

Mines and Minerals Act, No. 33 of 1992.

Legislation | Sri Lanka | 1992

Keyword: Institution, Exploration, International trade, Minerals, Mining, Special fund, Transport/storage, Authorization/permit, Offences/penalties

Source: FAO, FAOLEX