Mauritanias Mining Fiscal Regime: H1 2014

Published: Jul, 2014 | Pages: 15 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's Mauritanian fiscal regime report covers the governing bodies, laws, licenses and tax-related information on 3 commodities: iron ore, copper and gold.

Summary
The mining industry in Mauritania is governed by the Ministry of Industry and Mines and the Department of Mines and Geology (DGM), which is responsible for the development of the mining sector in Mauritania. Mining code no.99/013 is the main governing law for mining in the country.
Scope
The report outlines Mauritania's governing bodies, governing laws, licenses and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gain Tax, Remunerative Fees, Surface Fees, Withholding Tax Depreciation Rates, Depreciation and Value Added Tax, VAT.
Reason To Buy
To gain an overview of Mauritania's mining fiscal regime.
Key Highlights
The Ministry of Industry and Mines contributes for the development and implementation of policies in the industrial and mining sectors. The ministry is also responsible for promoting exploration and geological and mining research.
The Department of Mines and Geology (DGM), formed in 1968, contributes to the development of the mining sector.
Mauritania mining laws are governed by mining code no.99/013, enforced by the government to streamline the procedure and process of mining.
The main purpose of the New Model Mining Convention Law is to provide a standard model mining convention based on the current mining code created by law No. 2008-011 (the "Mining Code'') which will serve a basis for negotiations between Mauritanian State and the relevant investor(s).
The Mining Code Amendment contains in particular new royalty rates. It also sets a specific taxation regime for capital gains arising from the transfer of exploitation licenses.

 1 Executive Summary
2 The Mauritanian Mining Industry - Governing Bodies
2.1 Ministry of Industry and Mines
2.1.1 Department of Mines and Geology
2.1.2 Direction of Industrial Development
2.1.3 Police Directorate of Mine
2.1.4 Directorate of Standardization and Quality Promotion
2.1.5 Direction of Mining Registry
2.2 Mauritania Office for Geological Research (OMRG)
3 The Mauritanian Mining Industry - Governing Laws
4 The Mauritanian Mining Industry - Licensing Types
4.1 Exploration License
4.1.1 Duration
4.1.2 Area
4.2 Exploitation License
4.2.1 Duration
4.3 Small-Scale Mining Exploitation License
4.3.1 Duration
5 The Mauritanian Mining Industry - Key Fiscal Terms
5.1 Royalty
5.2 Corporate Income Tax
5.3 Capital Gain Tax
5.4 Remunerative Fees
5.5 Surface Fees
5.6 Withholding Tax
5.7 Depreciation
5.8 Value Added Tax (VAT)
6 Appendix
6.1 What is this Report About?
6.2 Methodology
6.3 Secondary Research
6.4 Primary Research
6.5 Contact Timetric
6.6 About Timetric
6.7 Timetric's Services 
6.8 Disclaimer


List of Tables
Table 1: The Mining Industry in Mauritania - Fiscal Regime Terms and Other Taxes (%), 2014
Table 2: The Mining Industry in Mauritania - Mineral Royalty Rates (%), 2014
Table 3: The Mining Industry in Mauritania - Remunerative Fee (MRO), 2014
Table 4: The Mining Industry in Mauritania - Surface Fee (MRO), 2014
Table 5: The Mining Industry in Mauritania - Withholding Tax (%), 2014
Table 6: The Mining Industry in Mauritania - Depreciation Tax (%), 2014