The Alluvial Gold Mining (Amendment) Rules, 2006
STATUTORY INSTRUMENT NO. 16 OF 2006
Published 14th September, 2006
THE MINES AND MINERALS ACT, 1994
(Act No. 5 of 1994)
THE ALLUVIAL GOLD MINING (AMENDMENT) RULES, 2006
In exercise of the powers conferred on him by section 123 of the Mines and Minerals Act, 1994, the Minister of Mineral Resources hereby makes the following Rules: -
1. These Rules shall be deemed to have come into operation on the 1st day of January, 2006.
2. The Alluvial Gold Mining Rules are amended as follows: -
a. By the revocation and replacement of rule 7 by the following rule: -
7. The fees for the licences or certificates shall be as set out in the Second Schedule.
b. By the insertion after the First Schedule of the following: -
SECOND SCHEDULE
|
|
Fees |
1. |
Gold Exporter’ s Licence |
US$3 000 per year |
2. |
Gold Exporters Agent’s Certificate |
US$1 000 per year |
3. |
Gold Dealer’s Licence (i) Citizens (ii) Non-citizens (iii) Monitoring Fee |
Le500 000.00 per year US$1 000 per year Le150 000.00 per year |
4. |
Gold Mining a) Artisanal and cooperative mining licence b) Small scale mining lease c) Artisanal /cooperative mining manager’s certificate d) Company mines manager’s certificate (i) Citizens (ii) Non-citizens e) Licence to Dredge f) Monitoring Fee g) Rehabilitation fee Artisanal mining licence holder and cooperatives Small-scale Mining lease holder h) Surface Rent |
Le.100 000.00 per year per acre or part thereof
Le500 000.00 per year per acre or part thereof
Le50 000.00 per licence per year
Le200 000.00 per licence per year Le500 000.00 per licence per year US$500.00 per year Le50 000.00 per acre per year
Le100 000.00 per acre per year Company to rehabilitate
Le50 000.00 per year per acre or part thereof |
5. |
Gold Export Charges a) Royalty for Export Licence holder b) Royalty for small scale licence holders wishing to export their winnings c) Valuation fee d) Monitoring fee |
2% of export value
5% of export value
½% of export value ½% of export value |
6. |
Standard Assessment Income Tax a) Gold mining licence b) Gold dealer’s licence (iii) Citizens (iv) Non-citizens c) Gold Exporter’s licence |
Le60 000.00 per acre per year
Le360 000.00 per year Le360 000.00 per year Le600 000.00 per year |
C. REGISTRATION OF COMPANIES/COOPERATIVES UNDER SMALL SCALE AND ARTISANAL MINING
|
|
Fees |
1. |
Cooperative |
Le200 000.00 per year |
2. |
Wholly-owned registered Sierra Leonean Company |
Le500 000.00 per year |
3. |
Body Corporate with majority Sierra Leonean shareholding |
US$500.00 per year |
4. |
Body Corporate with 50% Sierra Leonean shareholding |
US$1 000.00 per year |
5. |
Body Corporate with majority Foreign shareholding |
US$2 000.00 per year |
Made this 24th day of July, 2006
ALHAJI MOHAMED SWARRAY DEEN
Minister of Mineral Resources