Second National Reconcilation Study EITI Peru - unofficial…

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Consultoría para la Elaboración del Segundo Estudio Nacional de Conciliación de la Iniciativa de Transparencia para las Industrias Extractivas (ITIE) en el Perú (2008 – 2010) (continuación) processing, managing and efficiently disseminating geo-scientific information on national territory to promote investment, support development planning and contribute to a better quality of life for <strong>Peru</strong>vians. Handling Fee (Derecho de trámite) An amount to be paid to file a mining concession application or for any other filings as required in the TUPA Hectare Area of land equal to 10,000 square metres or 2.471 acres. Holder An individual or legal entity who has been granted or recognized by the government a right to develop prospecting and/ or operation activities on a source of mineral or hydrocarbon wealth. Hydrocarbon Organic compound in gas, liquid, or solid form, consisting mainly of carbon and hydrogen. Hydrocarbon Activities Oil-related operations pertaining to prospecting, operation, transformation or refining stages, transportation, marketing and storage of hydrocarbons. Hydrocarbon Deposit Surface area below which one or more Deposits are producing or are proven capable of producing hydrocarbons. Hydrocarbon Production Monitoring The hydrocarbons produced in a certain Contract area, measured and monitored under the terms and conditions agreed in each contract . Individuals In tax terms, individuals are such physical or individual persons, including men and single, widowed or divorced women as well as married women who earn income from their personal work. For tax obligation purposes, marital partnerships and undivided estates are also considered individuals (Días Mosto. Volume IV Page 19). Investment Expenditures Investment expenditures generate profit (as investment in stock) or are applied to the purchase of durable assets including, but not limited to, furniture, machinery, equipment and infrastructure. Also known as “capital “ expenditures. Legal Entities Unlike the “individual”, a legal entity is an organization vested with rights according to law, entitled to assume obligations, and which may be represented in or out of court (Días Mosto. Volume IV, Page 19) Levy Payment, usually in cash, that the government, in exercise of its authority, requires by law to cover the expenses incurred by the government in performance of its duties. The Tax Code governs the legal relationships originated Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú 200
Consultoría para la Elaboración del Segundo Estudio Nacional de Conciliación de la Iniciativa de Transparencia para las Industrias Extractivas (ITIE) en el Perú (2008 – 2010) (continuación) by taxes. For these purpose the generic term tax includes levies, contributions and charges (Regulation II of the Tax Code). Licence Agreement Under Law 26221, the agreement entered between PERUPETRO S.A. and the Contractor, whereby the Contractor is authorized to prospect or extract hydrocarbons in the Agreement area, under which Agreement PERUPETRO transfers to the Contractor title to the extracted hydrocarbons in exchange of a royalty for the government. List of Registered Mines (Padrón Minero) The document that serves as a basis for payment of validity right and penalty. Local Government Province, District and Delegate Municipalities according to Law, which make up – under the <strong>Peru</strong>vian Political Constitution- the Local Government Bodies. These municipalities are politically, economically and administratively autonomous in matters under their competence. Market Value The recoverable value of inventories and other realizable assets in the normal conduct of business Metallic Minerals Minerals with metallic bonds, that have lustre and are ductile, malleable and tenacious, good heat and electricity conductors, and usually dense. Examples: gold, silver, copper, zinc, etc. Mineral A homogeneous substance occurring in nature that has definite physical properties and chemical composition and, if formed in natural conditions, have a definite crystal shape. Mines Mines are the sources of materials with mineral contents located close to the surface or underground,. Mining Component For non-metallic minerals, the product obtained at the end of the treatment processes in accordance with the activities regulated by law, not including subsequent industrial or manufacturing processes. For metallic minerals without international quotation, the mining component is the concentrate or equivalent product. Mining concession A mining concession grants the holder thereof the right to prospect and mine the resources under the concession located within a solid of indefinite depth, limited by vertical planes corresponding to the sides of a closed square, rectangle or polygon, the vertices of which refer to Universal Transversal Mercator (UTM) coordinates. The mining concession is real property different and separate from the property on which it is located. Integral and accessory parts of the mining concession maintain their status of real property even if they are located outside the perimeter thereof, unless differentiation of accessory parts is agreed under contract. Work intended to tap the substances Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú 201
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Product 3: Final Report Second Nati
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Lima, 13 December 2011 Mr José Lui
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Contents Executive Summary 9 I. Aim
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2.2.3. Establishing the distributio
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Consultancy for the Preparation of
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Second National Reconcilation Study EITI Peru - unofficial…

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