Monday, June 2, 2014

2014 Mining Industry Fiscal Regime H1 in Poland & Papua New Guinea

Poland’s Mining Fiscal Regime: H1 2014
Synopsis
Poland fiscal regime report outlines governing bodies, governing laws, ownership and licenses, rights and obligations and key fiscal terms covering seven commodities: coal, copper, lead, gold, silver, nickel and zinc.
Summary
Poland has adequate amounts of agricultural and mineral resources. It has deposits of coal, copper, zinc, lead, silver, manganese, and rock salt. The mining industry in Poland is governed by the Ministry of Ministry, including the State Mining authority and other State Institutes.
Scope
The report outlines Poland's governing bodies, governing laws, ownership and mining licenses, rights and obligations and key fiscal terms which includes prospecting fees, exploration fees, royalty, corporate income tax, capital gains tax, real state tax, depreciation, withholding tax, loss carry forward and VAT.
Key highlights
  • The Ministry of the Environment is a professional institution, responsible for the rational management of natural resources. It cooperates in the fields of the environment and the education of the general public in protection of the environment.
  • The Commission for Mineral Resources acts as an advisory body for the Ministry of the Environment. It assesses the drafting of documentation on fossil mineral deposits and geological findings.
  • The Department of Geology and Geological Concessions is part of the Ministry of Environment, which is responsible for granting concessions for prospecting, exploration and extraction of fossil mineral resources.
  • The State Mining Authority aims to improve the health and safety of miners, and ensure the proper management of deposits.
Reasons to buy
To get an overview of Poland's mining fiscal regime.
Find Complete report along with TOC @ http://marketreportsstore.com/polands-mining-fiscal-regime-h1-2014/ .

Papua New Guinea’s Mining Fiscal Regime: H1 2014
Synopsis
Papua New Guinea fiscal regime report outlines governing bodies, governing laws, mining licenses and key fiscal terms covering five commodities: copper, gold, silver, nickel and zinc.
Summary
Papua New Guinea has a variety of natural resources such as gold, copper, silver and natural gas. The mining industry in Papua New Guinea is governed by the Mineral Resources Authority and Chambers of Petroleum and Mines. The Mining Act 1992 is the apex law for the mining industry in the country.
Scope
The report outlines Papua New Guinea's governing bodies, governing laws, mining licenses and key fiscal terms which includes royalties, development levies, corporate tax, withholding tax, stamp duty, tax incentives, capital and exploration expenditure-allowable deductions, and goods and service tax.
Key highlights
  • The Mineral Resources Authority was established through the enactment of the Mineral Resources Authority Act 2005. It is a government agency working under the authority of the government of Papua New Guinea.
  • The Corporate Services Division provides manpower, financial and technology information services and support to the MRA.
  • The development Coordination Division ensures that exploration and mining activities in Papua New Guinea are carried out within the regulatory framework.
  • The GSD is responsible for carrying out earth sciences research and studies, and processes field data to assist and promote exploration, geological and related activities in the mineral sector.
Reasons to buy
To get an overview of Papua New Guinea's mining fiscal regime.
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