National Mineral Policy 2006 - Department of Mines

International Comparison of Royalty RatesAnnexure 10AsbestosChina ClayCopperChromiteBauxiteDiamondGoldGraphiteIron oreMagnesiteAustralia China Brazil Indonesia Uzbekistan India5 % ofrealisedvalue5% ofrealisedvalue5 % ofrealisedvalue5 % of saleprice7.5 % ofrealisedvalue7.5 % ofrealisedvalue1.25 % ofrealisedvalue5 % ofrealisedvalue5–7.5 % ofrealisedvaluedependingon grade5 % ofrealisedvalue2–4 % ofsale valueNA NA 3 % of salepriceNA NA. NA 7.9 % ofsale value2 % of salevalue2 % of netinvoicevalue4 % of salevalueNA NA 3.5 % ofsale value2–4 % of NA 3.25 %ofsale valuesale valueIndustrial:2 % of salevalue;Gem: 4 %of salevalue4 % of salevalueNA1 %on netinvoicevalue6.5 % ofsale value3.75 %on saleprice7.9 % ofsale priceNANA2–4 % ofsale price2.8 % ofsale priceNA NA NA 6 % of saleprice2 % of salevalue2–4 % ofsale valueNA3 % of saleprice3 % ofgross valueTonnagebasisTonnagebasis3.2 % ofLME metalprice7.5 % of salevalue0.35 % linkedto LME price10 % of salevalue1.5 % ofLondonBullionMarketAssociationpriceTonnagebasisTonnagebasisdepending ongradeNA NA NA 3 % of salepriceNote: LME: London Metal Exchange.Source: GOI (2004), ‘Report of the Study Group on Royalty for Major Minerals (other than coal, lignite andsand for storing)’, Ministry of Mines.294