Papua New Guinea’s Mining Fiscal Regime: H1 2015 Market Trends, Size, Share, Industry

Synopsis

Market Research Store Papua New Guinean fiscal regime report outlines the governing bodies, governing laws, licenses, rights and obligations and tax-related information on five commodities: copper, gold, silver, nickel and zinc.

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Summary

Papua New Guinea has a variety of natural resources such as gold, copper, silver and natural gas. The Mineral Resources Authority (MRA) is the authority responsible for governing the mining industry in Papua New Guinea. The Mining Act 1992 is the apex law for the mining industry.

Scope

The report outlines the governing bodies, governing laws, licenses, rights and obligations and tax-related information which includes royalty, development levy, corporate tax, withholding tax, stamp duty, tax incentives, loss carry forward, allowable capital expenditure, exploration expenditure, allowable exploration expenditure, goods and service tax

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Reasons To Buy

Gain overview of Papua New Guinea’s mining fiscal regime

Key Highlights

• The Mineral Resources Authority was established through the enactment of the Mineral Resources Authority Act 2005. It is a government agency working under the authority of the government of Papua New Guinea.

• The Papua New Guinea Chamber of Mines and Petroleum is an association for the mining and petroleum industries in Papua New Guinea.

• Mineral Resource Authority Act 2005 defines the Mineral Resources Authority powers and functions, and related purposes.

• Mining Act 1992 deals with issues related to the ownership of minerals, land for exploration and mining, mining on reserved land, the application and granting of licenses.