Second National Reconcilation Study EITI Peru - unofficial…
Second National Reconcilation Study EITI Peru - unofficial…
Second National Reconcilation Study EITI Peru - unofficial…
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Consultoría para la Elaboración del Segundo Estudio Nacional de<br />
Conciliación de la Iniciativa de Transparencia para las Industrias<br />
Extractivas (ITIE) en el Perú (2008 – 2010) (continuación)<br />
by taxes. For these purpose the generic term tax includes levies, contributions and charges (Regulation II of the<br />
Tax Code).<br />
Licence Agreement<br />
Under Law 26221, the agreement entered between PERUPETRO S.A. and the Contractor, whereby the<br />
Contractor is authorized to prospect or extract hydrocarbons in the Agreement area, under which Agreement<br />
PERUPETRO transfers to the Contractor title to the extracted hydrocarbons in exchange of a royalty for the<br />
government.<br />
List of Registered Mines (Padrón Minero)<br />
The document that serves as a basis for payment of validity right and penalty.<br />
Local Government<br />
Province, District and Delegate Municipalities according to Law, which make up – under the <strong>Peru</strong>vian Political<br />
Constitution- the Local Government Bodies. These municipalities are politically, economically and administratively<br />
autonomous in matters under their competence.<br />
Market Value<br />
The recoverable value of inventories and other realizable assets in the normal conduct of business<br />
Metallic Minerals<br />
Minerals with metallic bonds, that have lustre and are ductile, malleable and tenacious, good heat and electricity<br />
conductors, and usually dense. Examples: gold, silver, copper, zinc, etc.<br />
Mineral<br />
A homogeneous substance occurring in nature that has definite physical properties and chemical composition<br />
and, if formed in natural conditions, have a definite crystal shape.<br />
Mines<br />
Mines are the sources of materials with mineral contents located close to the surface or underground,.<br />
Mining Component<br />
For non-metallic minerals, the product obtained at the end of the treatment processes in accordance with the<br />
activities regulated by law, not including subsequent industrial or manufacturing processes. For metallic minerals<br />
without international quotation, the mining component is the concentrate or equivalent product.<br />
Mining concession<br />
A mining concession grants the holder thereof the right to prospect and mine the resources under the concession<br />
located within a solid of indefinite depth, limited by vertical planes corresponding to the sides of a closed square,<br />
rectangle or polygon, the vertices of which refer to Universal Transversal Mercator (UTM) coordinates. The mining<br />
concession is real property different and separate from the property on which it is located. Integral and accessory<br />
parts of the mining concession maintain their status of real property even if they are located outside the perimeter<br />
thereof, unless differentiation of accessory parts is agreed under contract. Work intended to tap the substances<br />
Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú<br />
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