News » December, 2011 » 28 December 2011
Romanian Gov’t puts up mineral royalties, gold included
28.12.2011, 12:11 | Finance-Banks | 2099 views
The government decided to put up royalties for the exploitation of gold and other mineral resources, beginning 2012, the government’s spokesperson Ioana Muntean said. According to the cited official, royalties for noble metal ores have doubled from 4 pct to 8 pct. The royalty for oil transport and transit via the national shipping systems increased from 10 pct to 15 pct, that for natural gas underground storage operations went up from 3 pct to 5 pct, whereas the royalty for coal, ferrous and nonferrous ores increased from 4 pct to 6 pct of the value of the mining production. The royalty for non-metallic minerals increased to 0.8 pct, whereas the charge for mineral water went up from 4 to 6 euros euros per 1,000 liters. Read more on Financiarul.ro
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