accounting policies relating to mining and mineral resources

Mines and Minerals Act, 2009 A

2010-7-12 · No. 12 Mines and Minerals Act 2009 No. 12 Mines and Minerals Act 2009 PART I–PRELIMINARY 1. In this Act, unless the context otherwise requires – "annual charge" means the annual charge payable by the holder of a mineral right under section 152;

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Mining in Myanmar

2018-7-18 · The Mining Rules 2018, and the law amending the Myanmar Mining Law 2015, provide for the issue of prospecting permits, exploration permits, small, medium and large-scale mineral …

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Legislation, regulations and guidelines | Australia …

2020-9-15 · Offshore petroleum legislation. The Council of Australian Governments (COAG) Energy Council (originally the Standing Council on Energy and Resources - SCER) was established in 2011 to: Progress consistent upstream petroleum administration and regulation standards. address issues affecting investment in resources exploration and development.

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Mining''s climate accountability | Nature Geoscience

2020-2-4 · The Earth''s mineral resources will not run out but we must use them wisely. Full and fair accounting of, and accountability for, unwanted impacts is required if mining is to do more good than ...

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Mining Law 2021 | Laws and Regulations | United …

2020-10-9 · United Kingdom: Mining Laws and Regulations 2021. ICLG - Mining Laws and Regulations - United Kingdom covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

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MINERALS COMMISSION

2018-4-15 · Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, manganese and bauxite. Gold is the predominant mineral produced in the country, accounting for over 90% of all mineral revenues annually over the past two decades (Minerals Commission1).

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IFRS 6 Exploration for and Evaluation of Mineral …

2020-8-17 · IFRS 6 specifies some aspects of the financial reporting for costs incurred for exploration for and evaluation of mineral resources (for example, minerals, oil, natural gas and similar non-regenerative resources), as well as the costs of determination of the technical feasibility and commercial viability of extracting the mineral resources.

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Accounting for Mineral Resources: Issues and BEA''s …

2015-11-18 · mineral resources continues. This publication does not describe all IFRSs applicable to mining entities but focuses on those areas that are of most interest to companies in the sector. The ever-changing landscape means that management should conduct further research and seek specific advice before acting on any of the more complex matters raised.

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Mining Law 2021 | Laws and Regulations | Philippines | …

2017-9-29 · Executive Order No. 79 (Institutionalising and Implementing Reforms in the Philippine Mining Sector, Providing Policies and Guidelines to Ensure Environmental Protection and Responsible Mining in the Utilisation of Mineral Resources) ("EO 79") instituted reforms such as a review of the performance of existing mining operations and cleansing of non-moving mining rights holders, imposed a moratorium against the issuance of mineral …

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Key documents relating to mining environmental …

2021-1-25 · A range of documents define and support the stages of the Government of Western Australia''s mining environmental approvals. Use the links below to view these key documents and frameworks that the Department of Water and Environmental Regulation and Safety (DWER), Department of Mines, Industry Regulation (DMIRS) and Environmental Protection Authority (EPA) use …

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The periodic table and the road to resource ...

2020-2-11 · In Saudi Arabia, mining plays a central role in their Vision 2030 diversification plan, with lofty goals to cultivate the Kingdom''s mineral resource economy to as high as SAR97 billion ($34 ...

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Minerals and Mining Policy of South Africa: Green …

2  · v) Information on all aspects relating to mineral development and exploitation will be made available by the DME by means of a ''one-stop shop'' approach. vi) All spheres of government and development agencies will work towards co-ordinating their activities in respect of the promotion of small-scale mining activities.

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IFRS 6 Exploration for and Evaluation of Mineral …

2008-3-11 · (a)its accounting policies for exploration and evaluation expenditures including the recognition of exploration and evaluation assets. (b)the amounts of assets, liabilities, income and expense and operating and investing cash flows arising from the exploration for and evaluation of mineral resources.

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IMPACT OF MINING SECTOR INVESTMENT IN GHANA: A …

2008-11-12 · mineral resources exist but ae not exploited on a large scale. From the inception of Ghana''s economic policy changes in 1983 to date, the mining sector has witnessed a considerable investment boom and increased production,

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Mining Comparative Guide

2021-1-19 · In Cameroon, mining activity is mainly regulated by. Law 2016/017 of 14 December 2016 instituting the Mining Code; Decree 2002/648/PM of 26 March 2002 setting the terms of application of Law 001 of 16 April 2001 on the Mining Code (in particular, the provisions that are not contrary to the 2016 Mining Code); Law 96/12 of 5 August 1996 on the ...

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Exploration for and Evaluation of Mineral Resources

2013-11-22 · AASB 6-compiled 4 CONTENTS Australian Accounting Standard AASB 6 Exploration for and Evaluation of Mineral Resources (as amended) is set out in paragraphs 1 – Aus27.1 and Appendix A. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in this Standard are in italics the first time they appear in the Standard.

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Oil, Gas, and Mining Fiscal Terms | Natural Resource ...

2  · Fiscal terms in the oil, gas, or mining industries must be structured around four important characteristics of the extractive industries: 1) petroleum and mineral resources are not infinite, so governments must generate returns that are sufficient to compensate the country for the value of the asset being depleted; 2) extractive projects ...

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Department of Mineral Resources

The purpose of the Mineral and Petroleum Resources Development Act, 2002, (Act No 28 of 2002) (MPRDA) is amongst others to transform the mining and production industries in South Africa. In order to ensure effective transformation in this regard, the Act requires the submission of the Social and Labour Plan as a pre-requisite for the granting ...

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MINERALS AND MINING POLICY OF GHANA Ensuring …

These adopted policies consequently resulted in the enactment of series of statutes relating to land and minerals. For example, the Minerals Act, Act 126 (1962) had the following provisions: (i) vesting of ownership of minerals in the President on behalf of the Republic and in trust for the people of

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Accounting for Mining Course — AccountingTools

Accounting for Mining (CPE Course) CPE Credit: 1 hour. Course Type: Downloaded PDF materials with online test. Price (with PDF Textbook): $15. Purchase Course. Course Description. A mining operation requires a business to incur substantial up-front costs for exploration and development activities, and probably additional costs as part of the ...

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AASB 6

2021-7-25 · Australian Accounting Standard AASB 6 Exploration for and Evaluation of Mineral Resources is set out in paragraphs 1 – Aus27.1 and in Appendix A. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 6 is to be read in the context of other Australian Accounting ...

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IFRS 6 Exploration for and Evaluation of Mineral …

2008-3-11 · EC staff consolidated version as of 16 September 2009 Last EU endorsed/amended on 03.11.2008. Objective. 1The objective of this IFRS is to specify the financial reporting for the exploration for and evaluation of mineral resources.. 2In particular, the IFRS requires: (a)limited improvements to existing accounting practices for exploration and evaluation expenditures.

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Corporate income taxes, mining royalties and other …

2015-6-3 · the "Financial Compensation for the Exploitation of Mineral Resources" is under discussion with the objective to increase the tax. Brazilian modifi cations discussed include creating a framework for a standard mineral product price reference and a maximum and minimum tax rate which can be altered by decree at any given time.

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AASB 6

2021-7-25 · AASB 6 deals with the treatment of expenditures associated with the exploration for and evaluation of mineral resources and, in particular, permits entities to develop an accounting policy for the treatment of these expenditures without having to specifically consider the requirements of paragraphs 11 and 12 of AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors (sometimes …

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Financial Reporting in the Global Mining Industry

on mineral resources as well as reserves. Mineral resources are quantities of minerals for which there are reasonable prospects of eventual economic extraction. These are classified as "measured," indicated" or "inferred," depending on the degree of confidence. Only those parts of a company''s mineral resources that have been determined to be

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Africa Review Report on Mining

2012-9-11 · Significance of the mining sector in Africa -Africa is well endowed with mineral resources. It harbours the world''s largest mineral reserves of platinum, gold, diamonds, chromite, manganese, and vanadium1. Table 1 illustrates Africa''s mineral potential and production in global terms.

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Corporate income taxes, mining royalties and other …

2015-6-3 · Mining royalties can be imposed at the national level or provincial/state level of government. In most countries, the mining royalty rates vary by type of mineral. In countries where the state or province assesses and collects the royalty, the local royalty rate can vary by …

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Exploration for and Evaluation of Mineral Resources

2015-12-23 · Mineral Resources under section 334 of the Corporations Act 2001. Kris Peach Dated 7 August 2015 Chair – AASB Accounting Standard AASB 6 Exploration for and Evaluation of Mineral Resources Objective 1 The objective of this Standard is to specify the financial reporting for the exploration for and evaluation of mineral resources.

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Code of Practice for Mineral Exploration

2019-3-26 · obligations relating to licences and work plans, such as applications, operations and information requirements. In Victoria mineral exploration and mining activities are regulated under the Mineral Resources (Sustainable Development) Act 1990 (MRSD Act). The purpose of the MRSD Act is to encourage an economically viable

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IFRS 6 — Exploration for and Evaluation of Mineral …

2001-4-1 · Overview. IFRS 6 Exploration for and Evaluation of Mineral Resources has the effect of allowing entities adopting the standard for the first time to use accounting policies for exploration and evaluation assets that were applied before adopting IFRSs. It also modifies impairment testing of exploration and evaluation assets by introducing different impairment indicators and allowing the ...

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Policies and guidelines for mining and resources ...

2020-5-25 · Policies and guidelines for mining and resources. New practice directions for petroleum and gas reporting and for minerals and coal reporting, along with new data submission templates, are now in use. Access the documents in the ''Renewal, reporting and general administration guidelines'' section below. Use our mining policies and guidance ...

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Laws Relating to Mines & Minerals in India

# Granting mineral concessions in respect of minerals specified in the First Schedule to the Mines and Minerals (Development and Regulation) Act, 1957. # Granting areas under prospecting licence and mining lease to a person in excess of limits prescribed under …

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