"Mining royalties" refers to a payment made to the owner of the land or the government in exchange for allowing a company or individual to extract minerals or resources from a specific area. It is a fee paid as a percentage of the minerals' value, ensuring that the owners receive compensation for the use of their land or resources.
Full definition
Synonyms for individual words can be found below.
«mining»
«royalties»
Sentences with «mining royalties»
- The recent Presidential election in Zambia, Africa's second largest copper producer, was won by a party which backs the scrapping of a corporate tax on mining and instead raising mining royalties on open pit operations from 6 % to 20 %. (discoveryinvesting.com)
- Barrick Gold Corp., the world's biggest producer of the metal, will start shutting down production at its Zambian operation after the southern African country tripled mining royalties. (resourceinvestor.com)
- The new tax would raise about $ 3 billion above and beyond the state revenue raised by a 7.5 per cent state mining royalty and the income tax that they pay the commonwealth on profits earned. (afr.com)
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