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DTSTAMP:20260415T043544Z
DTSTART:20171011T093000Z
DTEND:20171011T123000Z
SUMMARY:Mineral royalties: lessons from international experiences
DESCRIPTION:Mineral royalties are one of the most challenging issues that
  the international mining industry has been debating for quite some time
 .\n\nIn times of high commodity prices\, mining companies – major\, juni
 ors\, state-owned\, local and international – take their exploration and
  production activities into all kinds of countries\, ones with little mi
 ning experience\, others with a long mining history.\n\nWhat we witnesse
 d when commodity prices were high was a movement by a number of countrie
 s to introduce new regulations for royalties. Countries with no or littl
 e mining tradition were aiming to collect their share from investors. Go
 vernments of jurisdictions with years of experience in mining were respo
 nding to the public perception that mining companies should contribute f
 urther.\n\nWith the downturn\, these same countries are reviewing previo
 us decisions and changes.\n\nThe truth is that governments never believe
  that they are taxing too much\, companies rarely agree that they pay to
 o little and the public\, in most cases\, doesn’t believe the benefits f
 rom royalty payments are what they should be.\n\nThis session will attem
 pt to discuss experiences from different jurisdictions on devising\, ass
 essing\, paying and accounting for royalties. It will also debate the re
 lation of mining royalties to the overall tax system\, its role in attra
 cting new investments and benefiting affected communities\, as well as m
 echanisms to ensure transparency\, governance and management of royalty 
 revenues by governments.
LOCATION:Room C2.6\, Convention Centre\, Level 2
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