r. r. 4 6 4 Revocation The Regulations set out in Schedule 1 are revoked. 5 Definition Reg. 5 amended by S.R. No. In these Regulations, means the Mineral Act 131/2007 Resources (Sustainable Development) Act 1990. reg. 11(1). __________________ 6 Definitions In this Part— means any gold or silver content of ore, gold concentrates, alloy or metal that is sold as a product from a mine the principal activity of which is the mining of gold; means the market value of the net market value mineral at the time it is first sold, transferred or disposed of, less any costs reasonably, necessarily and directly incurred by the licensee in connection with the sale, transfer or disposal (including insurance, freight and marketing expenses). Reg. 7 7 Calculation of royalties substituted by S.R. No. Royalties for tailings from Crown land disposed 8/2006 reg. 4. of under section 14(2)(b) of the Act and for all minerals, other than gold and lignite (brown coal), are payable at the rates shown in the following Table. Table Item Tailings and Minerals Royalty 1 Tailings from Crown land $1.43 per cubic disposed of under section metre 14(2)(b) of the Act
4 Revocation The Regulations set out in Schedule 1 are revoked. Reg. 5 amended by S.R. No. 131/2007 reg. 11(1). r. 4 5 Definition In these Regulations, Act means the Mineral Resources (Sustainable Development) Act 1990. __________________ 6 Definitions r. 6 In this Part— gold means any gold or silver content of ore, concentrates, alloy or metal that is sold as a product from a mine the principal activity of which is the mining of gold; net market value means the market value of the mineral at the time it is first sold, transferred or disposed of, less any costs reasonably, necessarily and directly incurred by the licensee in connection with the sale, transfer or disposal (including insurance, freight and marketing expenses). Reg. 7 substituted by S.R. No. 8/2006 reg. 4. 7 Calculation of royalties Royalties for tailings from Crown land disposed of under section 14(2)(b) of the Act and for all minerals, other than gold and lignite (brown coal), are payable at the rates shown in the following Table. Table Item Tailings and Minerals Royalty 1 Tailings from Crown land disposed of under section 14(2)(b) of the Act $1.43 per cubic metre