Meaning of “royalty” under the context of the Act – Elucidated – Held, essential characteristics of royalty are that (i) it is a consideration or payment made to the proprietor of minerals, either the government or a private person; (ii) it flows from a statutory agreement (a mining lease) between the lessor and the lessee; (iii) it represents a return for the grant of a privilege (to the lessee) of removing or consuming the minerals; and (iv) it is generally determined on the basis of the quantity of the minerals removed 2024 KHC OnLine 6398
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🔔Cassius Mining Ltd (ASX:CMD) announces it has received the 𝘾𝙊𝙉𝙁𝙄𝘿𝙀𝙉𝙏𝙄𝘼𝙇 𝙄𝙉𝘿𝙀𝙋𝙀𝙉𝘿𝙀𝙉𝙏 𝙍𝙀𝙋𝙊𝙍𝙏 detailing the 𝙌𝘼𝙉𝙏𝙐𝙈 𝙊𝙁 𝘿𝘼𝙈𝘼𝙂𝙀𝙎 𝙎𝙊𝙐𝙂𝙃𝙏 in the 𝙄𝙉𝙏𝙀𝙍𝙉𝘼𝙏𝙄𝙊𝙉𝘼𝙇 𝘼𝙍𝘽𝙄𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝘾𝘼𝙎𝙀 𝘼𝙂𝘼𝙄𝙉𝙎𝙏 𝙏𝙃𝙀 𝙂𝙊𝙑𝙀𝙍𝙉𝙈𝙀𝙉𝙏 𝙊𝙁 𝙂𝙃𝘼𝙉𝘼. This report has been provided to potential funders as part of ongoing negotiations for non-recourse funding for the arbitration. #arbitration
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VANCOUVER, BC – TheNewswire – July 3, 2024 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold" or “(ELEM) a mining company focused on the production of gold and silver in Peru, announces that the Company wishes to raise up to $250,000 through a non-brokered private placement of units of the Company (each a “Unit”) at a purchase price of $0.23 per Unit (the “Financing”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable for one Common Share at a price of $0.35 per Common Share for four (4) years from the date of issuance. https://lnkd.in/degX4Sjw #miningindustry #juniormining #miningnews #miningsector #mininginvestment
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VANCOUVER, BC – TheNewswire - March 11, 2024 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold" or “(ELEM) a mining company focused on the production of gold and silver in Peru, announces that the Company wishes to raise up to $400,000 through a non-brokered private placement of Units of the Company (each a “Unit”) at a purchase price of $0.23 per Unit (the “Financing”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable for one Common Share at a price of $0.35 per Common Share for two (2) years from the date of issuance. https://lnkd.in/duy2S9mc #miningindustry #juniormining #miningnews #miningsector #mininginvestment #miningexploration
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Providers of: Trial Advocacy Training, Commercial Law Programme and Continuing Legal Education. Publishers of the African Law Review.
Did you register for this important webinar? Register for the Prospecting and Mining Law Webinar taking place on 23 & 24 April 2024 and become an expert in mining law: https://lnkd.in/dCEyhSgi
Providers of: Trial Advocacy Training, Commercial Law Programme and Continuing Legal Education. Publishers of the African Law Review.
The Prospecting and Mining Law Webinar taking place on 23 & 24 April 2024 will cover important topics such as the Mining and Minerals Policy Mineral and Petroleum Resources Development Act, 2002, as amended, and the Broad-Based Economic Empowerment Charter for the Mining and Minerals Industry. Register for the two day webinar here: https://lnkd.in/dCEyhSgi
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#meettheteam | Mining & Minerals Investing in African Mining Indaba Sandile Michael Shongwe advises clients on various areas of mining and energy law, specifically in regards to the review and drafting of various commercial agreements and operational agreements, including offtake agreements, mining contractor agreements, wholesale supply agreements, and retailer license agreements, as well as providing regulatory advice. Click here to view Sandile's profile - https://bit.ly/4bqJ8vf #Miningandminerals #miningindaba
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The WGC states that "responsible gold mining supports sustained socio-economic development in countries and communities that host gold mining operations, through its contribution to jobs, tax revenue and investment in local communities." At NHK, we aim to do all of this and more as we redefine what it means to be a junior gold mining company. #gold #investing #goldmining #investingold #goldinvesting #goldexploration #wgc #worldgoldcouncil
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Check out this article that outlines the different types of mining royalties, including net smelter return, net profit, gross revenue, and tonnage royalties, and explores their increasing use in financing arrangements like royalty financing and streaming as alternative funding sources for mining projects: https://lnkd.in/gD_ctVXf Strata's Royalty Portfolio continues to reflect the Company’s strategic positioning within the Kalahari #Copper Belt, involving Sandfire Resources and COBRE LIMITED. Notably, the portfolio includes a 2% NSR uncapped royalty over Sandfire Resource's ~8,000km² area, excluding T3 but inclusive of the A4 and A1 Projects, and a 2% uncapped NSR over 4,304km² at the Kitlanya West Project. Royalty receipts from the uncapped A4 area are expected to commence in late 2024/early 2025.
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Last month, during DWF #mining #arbitration event at the Paris Arbitration Week, we discussed damages in mining arbitrations and how important it was to manage claimants' expectations in such cases. We reported that, according to a study by Charles River Associates, in 44% of cases where both the claimed and awarded amounts were available, the amount claimed exceeded the amount awarded by a factor of 10. Here is a further example.
An ICSID additional facility tribunal has dismissed most of a claim by a subsidiary of Australia's Antilles Gold against the Dominican Republic over a contract to process by-product from a gold and silver mine. Toby F. reports. https://lnkd.in/giqkgDiX
Bulk of Dominican mining claim dismissed at ICSID
globalarbitrationreview.com
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[𝐖𝐀𝐓𝐂𝐇] https://bit.ly/49KCMoK Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows and the balance from industrial attributable cash flows. Find out more via Mining Weekly. #Glencore #Financials
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A Nice win for our client against SARS in the High Court! Also a big win for Mining taxpayers in general on the mineral royalty act but also a big win for Taxpayers in general that wants to approach the High Court directly for declaratory relief on legal interpretation disputes with SARS! Message me if you want a copy of the judgment. #mineralroyalties #tax #taxdisputes #highcourt #jurisdiction #taxmatters
The High Court's decisive ruling in favour of Richards Bay Mining (Pty) Ltd against SARS sets a precedent in mineral royalty interpretation under section 4(2) of the Mineral Royalty Act. Click here for the full details on this significant judgment: https://bit.ly/3TsAp3m Andries Myburgh | Ntebaleng Sekabate | Emile Cronje
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