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Regulations on mines royalties under Section 64 read with Section 34 of the Mines and Minerals Act, No. 33 of 1992.

Country/Territory
Sri Lanka
Document type
Regulation
Date
2009
Source
FAO, FAOLEX
Original source
The Gazette of the Democratic Socialist Republic of Sri Lanka (Extraordinary) No. 1582/36, 1 January 2009, p. 1A.
Subject
Mineral resources
Keyword
Exploration Minerals Mining Royalties/fees
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 from time to time are hereby further amended in Regulation 33 by the substitution for paragraph (4) thereof of the following: “Royalties from sales or determined market value of mine output shall unless otherwise specified in the Mineral Investment Agreement be as percentage of that value, as follows : Precious metals: 5 per cent; Industrial minerals (not exported): 4 per cent; Industrial minerals (exported): 5 per cent; Building materials: 2 per cent; Dimension stone (Exported): 5 per cent; Base and other metals: 4 per cent.

Full text
English
Website
www.documents.gov.lk

References - Legislation

Amends

Notification under Sub Section (1) of Section 32 of the Mines and Minerals Act No. 33 of 1992.

Legislation | Sri Lanka | 2009

Keyword: Exploration, Minerals, Mining

Source: FAO, FAOLEX