Capital lease • Certain assets (in particular heavy equipment) may be acquired through capital leases • Important to understand the tax regime applicable for capital leases • For example, Indonesia treat a capital lease as an operating lease, hence the payment (principal plus interest) is deductible and no depreciation is allowed . Slide 8 PwC Asia School of Mines 2012 November 2012 ...
Tambina holds the rights to acquire three mining leases í ñ ìkm southeast of Port Hedland that have a smallscale gold mining operation. Further, the mining leases have significant potential to host a palaeoplacer gold deposit associated with the pyritic conglomerates of the Bellary Formation that are part of the Lower Fortescue Group. A summary of the Proposed Transaction and key terms ...
Mining Act 1971 TENEMENT DOCUMENT MINERAL LEASE TENEMENT HOLDER OneSteel Manufacturing Pty Limited (ACN 004 651 325) CLASS OF LEASE Mineral Lease (ML) MINERAL LEASE NUMBER 6517 COMMENCEMENT DATE 16 October 2020 TERM OF LEASE Seven years (7) EXPIRY DATE 15 October 2027 MINERAL(S) Minerals (Iron Ore) AREA OF LEASE hectares DATE .
Acquisition of right of passageways. 60. Duration of right to passageways 61. Use of mining road. PART VI. Inspeclions and Accidenrs 62. General inspections. 63. Power to remedy dangerous practice. etc. 64. Penalty on failure to comply with notice. 65. Proceedings in case of accident PART' VII. Registration 66. Licences, etc., to be registered. 67. Transfer of interests in licences, etc., to ...
Acquisition method ..... 67 Identifying the acquirer and determining the acquisition date..... 67 Consideration transferred ..... 68 Contingent consideration..... 68 Alloion of the cost of the combination to assets and liabilities acquired..... 69 Undeveloped properties..... 69 Tax amortisation benefit .....69 Key questions..... 69 Contents. 6 ...
Ownership, Acquisition, and Leasing Issues for Frac Sand Owners and Developers Prepared by: Eric L. Martin Stoel Rives LLP For: Frac Sand Mining Rights Seminar Bloomington, Minnesota December 10, 2013 . I. Mineral Estate or Surface Estate? Ownership and Development Limitations in Split Estate Situations The ownership of frac sand found on a property is clear when the ...
2 IFRS for mining | IFRS 16 Leases – Practical appliion guidance IFRS for mining | IFRS 16 Leases – Practical appliion guidance 3 Welcome to KPMG's series of mining industry accounting thought leadership, IFRS for Mining. These publiions are focused on topical accounting issues and designed to provide finance teams with an overview of the key technical aspects of the matter and ...
Red Hill Mining Lease EIS │Section 03│Project Description Page 32 At full production, the RHM underground expansion option and associated GRM incremental expansion have the potential to produce up to 14 million tonnes per annum (mtpa) of highquality hard coking coal from the Goonyella Middle Seam (GMS) over a life of 20 to 25 years. Under this scenario, the potential capacity of the ...
may even be able to acquire historical exploration data. Once the explorer comes to the conclusion that . Mining Page 5 there is enough evidence to suggest the possibility of a gold deposit, they will proceed to the next step, applying for a mineral lease. The lease Once a mining company has found an area of interest, they will apply for a mineral lease, permit, or license (the terminology ...
IFRS for mining | IFRS 16 Leases – Practical appliion guidance 11 Lease definition A lease is a contract, or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration. If a contract contains a lease, then it will generally be onbalance sheet for the lessee. The question of whether an arrangement is, or contains, a ...
Land acquisition for mining activities often results in either displacing people economically or physically and in either way requires compensation for the affected persons. Crop (Economic displacement) and structural (Physical displacement) compensation are the two main types of compensation carried out by mining companies. With crop compensation, farmers are compensated an appropriate amount ...
apply where such mining lease is granted to a Government company or corporation under the first proviso: Provided also that in case of atomic minerals having grade equal to or above the threshold value, all valid rights, approvals, clearances, licences and the like in respect of expired or terminated mining leases shall be deemed to have been transferred to, and vested in the Government ...
acquisition is completed. MoEF should segregate coal bearing areas into 'Go' and 'NoGo' areas for each type of lease (Reconnaisance, Prospecting, and Mining) on the basis of the forest cover and environmental ecological sensitivity. For areas defined as 'Go', it may be prudent to allow minimal or no forest environmental clearances for investigative or prospecting purposes ...
for grant of a mining lease over the Concession Area. The eauction would be conducted in accordance with the Act, the Auction Rules, the Minerals (Evidence of Mineral Content) Rules, 2015, any other order or notifiion issued by the Central Government pursuant to the Act and this Tender Document. 9 of 101 . 4. The Concession Area The following information regarding the Concession ...
mineral mining lease only if all minerals mined by the ML are no longer a prescribed mineral or no longer meet the increased threshold. 3 Mining Projects For MLs that form part of a mining project, one development plan can be lodged for the project instead of individual plans for individual MLs. A mining project means a resource project under the . Environmental Protection Act. 1994 ...