Crown Minerals (Royalties for Minerals Other than Petroleum) Royalty Rate Notice 2016
This notice is issued pursuant to Regulation 15 of the Crown Minerals (Royalties for Minerals Other than Petroleum) Regulations 2013 and states the royalties for minerals as calculated in accordance with Regulation 15(1) of the Crown Minerals (Royalties for Minerals Other than Petroleum) Regulations 2013 for the reporting period 1 January 2016 to 31 December 2016.
1. Title—This notice is the Crown Minerals (Royalties for Minerals Other than Petroleum) Royalty Rate Notice 2016.
2. Application and Commencement—This notice applies to a holder of a Tier 2 exploration or mining permit to which the Crown Minerals (Royalties for Minerals Other than Petroleum) Regulations 2013 apply, for minerals for the 2016 reporting period.
3. Interpretation—(1) In this notice, unless the context requires otherwise:
2016 reporting period means the period 1 January 2016 to 31 December 2016.
minerals means the minerals obtained under a Tier 2 exploration or mining permit for minerals that are listed in column 1 of the table in clause 5 of this notice.
(2) Words used but not defined in this notice have the same meaning as words defined in the Crown Minerals Act 1991.
4. Adjusted Royalty Rates—The adjusted royalty rates for the 2016 reporting period are the rates listed in column 3 of the table in clause 5 of this notice.
5. Table of Royalty Rates
|
Mineral |
Prior rate of royalty per tonne sold ($) |
Adjusted rate of royalty per tonne sold ($) |
Adjustment in rate of royalty per tonne sold ($) |
|
Aggregate and construction materials (including rock, sand, and gravel for roading, building, fill reclamation, and protection purposes) |
0.11 |
0.11 |
0.00 |
|
Bentonite |
0.90 |
0.89 |
-0.01 |
|
Clay for brick and tiles |
0.11 |
0.11 |
0.00 |
|
Clay for pottery |
0.33 |
0.33 |
0.00 |
|
Decorative/dimension building stone |
1.68 |
1.66 |
-0.02 |
|
Decorative pebbles |
0.33 |
0.33 |
0.00 |
|
Diatomite |
1.68 |
1.66 |
-0.02 |
|
Dolomite |
0.23 |
0.22 |
-0.01 |
|
Limestone for agriculture, cement, and industry |
0.23 |
0.22 |
-0.01 |
|
Marl |
0.11 |
0.11 |
0.00 |
|
Perlite |
0.33 |
0.33 |
0.00 |
|
Pumice |
0.11 |
0.11 |
0.00 |
|
Serpentinite |
0.33 |
0.33 |
0.00 |
|
Silica sand for industry |
0.33 |
0.33 |
0.00 |
|
Zeolite |
1.68 |
1.66 |
-0.02 |
|
|
Prior rate of royalty per cubic metre sold ($) |
New rate of royalty per cubic metre sold ($) |
Adjustment in rate of royalty per cubic metre sold ($) |
|
Peat |
0.33 |
0.33 |
0.00 |
Dated at Wellington this 18th day of March 2016.
JAMES STEVENSON-WALLACE, General Manager – Energy & Resource Markets, Ministry of Business, Innovation & Employment (acting under delegated authority).
Explanatory note
This note is for explanatory purposes only.
This notice sets the royalties payable by a holder of a Tier 2 exploration or mining permit for certain minerals for the period 1 January 2016 to 31 December 2016 (the 2016 reporting period). The royalties have been calculated and notified in accordance with Regulation 15 of the Crown Minerals (Royalties for Minerals Other than Petroleum) Regulations 2013 (SR 2013/206).