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