Wednesday, July 2, 2014

Mongolia & New Zealand Mining Industry Fiscal Regime H1 2014

New Zealand & Mongolia’s fiscal regime report outlines governing bodies, governing laws, mining permits and key fiscal terms covering three commodities: coal, iron ore and gold.

Mongolia & New Zealand Mining Fiscal Regime H1 2014: Order report by calling marketreportsstore.com at +1 888 391 5441 OR send an email on sales@marketreportsstore.com with Mongolia & New Zealand Mining Fiscal Regime H1 2014 in subject line and your contact details.

Synopsis

Timetric's Mongolia fiscal regime report outlines governing bodies, governing laws, licenses, rights and obligations and key fiscal terms covering four commodities: coal, iron ore, copper and gold.

Summary

The mining industry is governed by the Mineral Resources Authority of Mongolia, and different departments under it. The Mineral Law and Subsoil Law are the apex laws for the country's mining industry. The Mineral Law was enacted to promote economically viable mining and to regulate mining operations such as exploration, exploitation and other activities related to mining while the Subsoil Law is responsible for ensuring safety in the use of minerals.

Complete Report available @http://marketreportsstore.com/mongolias-mining-fiscal-regime-h1-2014/

Scope

The report outlines Mongolia's governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which includes, License Fee, Exploration License Fee, Mining License Fee, Royalty, Corporate Income Tax, Depreciation, Loss Carry Forward, Withholding Tax, Import Duty and Value Added Tax (VAT).

Key highlights

The Mineral Resource Authority of Mongolia (MRAM) was established in 1997 to develop and implement policies for the mineral resources sector, and create investment opportunities. The MRAM has different divisions working under it.

The Geological Survey department is accountable for providing geological information required for policies and programs concerning research and development.

The Coal Research Division is responsible for issuing licenses for coal exploration and mining activities. Its mission is to assist in the drafting of state policy on the development of the coal industry, and providing investors and clients with prompt and fair services.

The Cadastre Division is responsible for issuing licenses for mineral exploration and mining activities.

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Synopsis

Timetric's New Zealand fiscal regime report outlines governing bodies, governing laws, mining permits and key fiscal terms covering three commodities: coal, iron ore and gold.

Summary

The country's mining industry is governed by the Ministry of Business, Innovation and Employment (MBIE), and by its branch New Zealand Petroleum and Mineral (NZP&M), which is responsible for managing the New Zealand GovernmentĂ‚‘s oil, gas, mineral and coal resources, known as the Crown Mineral Estate.

Complete Report available @http://marketreportsstore.com/new-zealands-mining-fiscal-regime-h1-2014/ .

Scope

The report outlines New Zealand's governing bodies, governing laws, mining permits and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gain, Withholding Tax, Depreciation Rates, Loss Carry Forward and Goods and Service Tax.

Key highlights

The Ministry of Business, Innovation and Employment (MBIE) was formed on July 1, 2012, the MBIE plays an important role in shaping and delivering a strong economy for New Zealand. The ministry is also responsible for delivering policy, advice and regulation to support business growth and prosperity of all the country's residents.

The New Zealand Petroleum and Mineral (NZP&M) is a branch of MBIE, which manages the New Zealand Government's oil, gas, mineral and coal resources, known as the Crown Mineral Estate.

The Crown Mineral Act 1991 is the main legislative structure that regulates policy for the prospecting, exploration and mining of Crown-owned minerals in New Zealand.

The Crown Minerals (Minerals Other than Petroleum) Regulations 2007 specify requirements and procedures for explorers and miners.

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