Mining Industry is in danger – Part-6

The royalty rate also very high in India compared to other mineral rich countries.

International Comparison of Minerals Specific Royalty Rates: 2012

 

Country Iron Ore Coal Copper Gold
Australia 6.5%-7.5% 7%-10% 2.7%-3.5% 0% – 2.5%
Brazil 2% 2% 2.02% 1%
Ghana 5% 5% 5% 5%
India 15%* 14%* 4.20% 2%
Indonesia 3% 3%-7% 4% 3.75%
Kazakhstan 2.8% 0% 5.7% 5%
Philippines Min 5% Min 5% Min 5% Min 5%
Russia 4.8% 11-57/tonne 8% 6%
South Africa 0.5% – 7% 0.5% – 7% 0.5% – 7% 0.5% – 5%
United States 2%-5% 2%-5% 2%-5% 2%-5%

Source: (Basic data), PricewaterhouseCoopers, 2012 and Ministry of Mines, Government of India (2014)

* Recent Rates, 2014

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