Status of Mineral Mining Royalties in Foreign Countries

Sangki Kwon; Changku Joo

doi:10.32390/ksmer.2020.57.1.116

All Issue

2020 Vol.57, Issue 1 Preview Page Next Page

Technical Report

Status of Mineral Mining Royalties in Foreign Countries 세계 각국의 광물 조광료 현황

29 February 2020. pp. 116-126

PDF XML

Abstract

Mining development in most countries requires royalty payments. In this study, mining royalty regulations in foreign countries were surveyed to aid exploration of mineral resources in these countries. Royalty rates and systems in Canada, Australia, and African, Asian, and South American countries were investigated and used to consider the mining industry characteristics. Ad valorem royalty, based on gross revenue, was the most popular system in many countries. Various parameters, such as mineral type, ore grade, price, profit, annual production, mining method, mining depth, and level of mineral processing, were considered to determine the royalty rates and systems.

Keywords

mining royalty

ad valorem

royalty rate

royalty system

mining law

대부분의 국가에서 광물 개발을 위해서는 조광료를 지급하여야 한다. 본 연구에서는 세계 각국에서 적용되고 있는 조광료의 기준을 살펴봄으로써 해외 광물 자원개발에 도움이 될 수 있도록 하였다. 캐나다, 호주, 미국을 비롯하여 아프리카, 아시아, 남미국가들에서 적용하고 있는 조광료 방식 및 조광료율을 조사 분석하였다. 세계 각국에서는 자국의 특성에 맞는 조광료율을 책정하고 있으며 광물 생산액을 기준으로 하는 광물생산액 기준 조광료(ad valorem) 방식이 세계 여러 나라에서 가장 널리 사용되고 있으며 국가에 따라 광물의 종류, 품위, 가격, 이윤, 생산량, 채광법, 광산의 심도, 광물처리의 정도 등 다양한 요소들을 고려하여 조광료율을 선정하고 있다.

키워드

광산 조광료

생산액 기준 조광료

조광료율

조광료 산정방식

광업법

References

Kim, K.S., Kim, J.W., Ryu, S.S., Park, S.C., Lee, Y.O., 2013. Study on legislation for developing mineral resources in North Korea, p.7-9.

Energy and Environment News, 2018.1.2. http://www.e2news. com/news/articleView.html?idxno=105094.

Government of Western Australia, 2015. Mineral royalty rate analysis final report, Department of State Development, Australia, p.22-52.

Guj, P., 2012. Mineral royalties and other mining-specific taxes, International Mining for Development Centre, p.4-7.

KIGAM, 2019.09.29. https://mici.kigam.re.kr/Portal_335/main.html

Minister of natural resources, 2016. Exploration and Mining in Canada: An Investor's Brief, Natural Resources Canada, 16p.

MOTIE, 2019.09.29. http://branch.motie.go.kr/appeal/appeal01 _2.jsp

Otto, J., Andrews, C., Cawood, F., Doggett, M., Guj, P., Stermole, F., Stermole, J., and Tilton, J., 2006. Mining royalties, A global study of their impact on investors, government, and civil society, The world bank, p.50-55.

10.1596/978-0-8213-6502-1

Quebec, 2014. Quebec's mining tax regime, Discussion paper, Quebec's Mining Sector, Canada, 17p.

Stinnett, L., 2012. Royalties and valuation of mineral rights, RPM Global perspectives.

Sung, K.Y., Park, M.E., Kim, M.H., No, S.G., and Heo, B., 2008. An introduction on the mining law and the mineral resources in Kyrgyz republic. Econ. Environ. Geol, 41(5), p.601-608.

Zwan, P.v.d. and Nel, P., 2010. The impact of the minerals and Petroleum Resources Royalty Act on the South African mining industry: a critical analysis. Meditari Accountancy Research, 18(2), p.89-103.

10.1108/10222529201000012

Information

Publisher :The Korean Society of Mineral and Energy Resources Engineers
Publisher(Ko) :한국자원공학회
Journal Title :Journal of the Korean Society of Mineral and Energy Resources Engineers
Journal Title(Ko) :한국자원공학회지
Volume : 57
No :1
Pages :116-126
Received Date : 2019-11-12
Revised Date : 2020-01-15
Accepted Date : 2020-02-21
DOI :https://doi.org/10.32390/ksmer.2020.57.1.116

Journal of the Korean Society of Mineral and Energy Resources EngineersISSN:2288-0291(Print) 2288-2790(Online)한국자원공학회

All Issue