Monday, June 2, 2014

2014 Mining Industry Fiscal Regime H1 in Botswana & Democratic Republic of Congo



Botswana’s Mining Fiscal Regime: H1 2014
Synopsis
Botswana fiscal regime report outlines governing bodies, governing laws, mining licenses, rights and obligations, mining rights and obligations and key fiscal terms covering five commodities: coal, copper, silver, diamond and nickel.
Summary
The mining industry in Botswana is governed by the Ministry of Mineral, Energy and Water Resources (MMEWR) and other main sub-departments such as the Department of Geological Survey (DGS), the Department of Water Affairs (DWA) and the Department of Mines (DoM).
Scope
The report outlines Botswana's governing bodies, governing laws, mining licenses, rights and obligations and key fiscal terms which includes royalty rates, license fees, corporate income tax, capital gains tax, withholding tax, capital allowances, loss carry forward and VAT.
Key highlights
  • The Mines and Mineral Act, 1999 regulates the law related to the mines and minerals sector. The act provides issuance, renewal, renewal and termination of mineral concessions, provides for the payment of royalties, and covers matters incidental to and connected to the foregoing.
  • The MMEWR is responsible for the coordination of the development and operation of the energy, water and mineral sectors of the country.
  • The DGS is responsible for the collection, dissemination, assessment, archiving and advice on all geo-scientific data related to the rock, mineral and water resources of the country.
  • The DWA is involved in the assessment of plans relating to the development and maintenance of water resources for domestic, agriculture, commercial and industrial use in the entire country.
Reasons to buy
To get an overview of Botswana's mining fiscal regime.
Find Complete report along with TOC @ http://marketreportsstore.com/botswanas-mining-fiscal-regime-h1-2014/ .



Democratic Republic of Congo’s Mining Fiscal Regime: H1 2014
Synopsis
Democratic Republic of Congo fiscal regime report outlines governing bodies, governing laws, mining licenses, mining rights and obligations and key fiscal terms covering six commodities: iron ore, copper, gold, silver, coal and diamond.
Summary
Its Mining industry is governed by the Ministry of Mines, with other administrative entities such as the Mines Directorates, Geology Directorate and Mining Environment Protection Directorate intervening. The industry is primarily governed by the Mining Code; Law No 007/2002.
Scope
The report outlines Democratic Republic of Congo's governing bodies, governing laws, mining licenses, mining rights and obligations and key fiscal terms which includes royalties, corporate income tax, property tax, tax on vehicles, depreciation, loss carry forward, withholding tax, exceptional tax on expatriates' salaries, and VAT.
Key highlights
  • The Ministry of Mines formulates government policies related to the mining sector based on the national mining code.
  • Under the guidance of Ministry of Mines, the Mining Registry is a public entity with legal status and administrative and financial autonomy to register the deeds provided for in the Mining Code.
  • The Directorate of Mines is responsible for inspecting and monitoring mining activities, which include health and safety, work practice, production, transport and sales.
  • The department has the power to implement mining regulation for environmental protection and the technical evaluation of the mitigation and the environmental impact study as well as the environmental management plan.
Reasons to buy
To get an overview of Democratic Republic of Congo's mining fiscal regime.
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