RE:RE:RE:RE:RE:Ulises Solis responds to Corani's mayorHi guys! The amount you mention (S/. 83,000) is in PEN (soles, peruvian currency), that's why the "S/." symbol. That is equivalent to approximately $25,000, and is the debt accrued this year for the concept of "penalty". Is this the reason why the claims were expired? No, those claims were expired because of the "validity right" not being payed for two consecutive years (2017 and 2018), being the last day of june the deadline in all cases.
How are each of these liabilities calculated? INGEMMET is very clear on this (1):
Right of validity.
- The right of validity is $3 per hectare per year.
Penalty:
- The penalty is 2% of the minimum production.
- If you do not obtain the minimum production or investment in the tenth year, computed from the year following the granting of the concession, from the eleventh year you must pay the penalty.
- The mining concessions included in the list of mining whose owners have not proven the minimum production or investment approved by the General Directorate of Mining with directorial resolution, are penalized.
- The calculation of the term to obtain the minimum production or investment of the mining concessions granted until 2008, begins in 2009, and must be paid in 2019 if the General Mining Department includes them in the list of owners who have not accredited the production or minimum investment of 2018.
For example, the validity right for Ocacasa 4 (1,000 hectares) is $3,000 and for Colibri II (600 hectares) is $1,800; the penalty for Ocacasa 4 is S/. 83,000 and the penalty for Colibri II is S/. 49,800, so you can infer that the penalty being charged is S/. 83 per hectare per year.
If you multiply those rates by the total number of hectares (93,000) then PLU must pay $279,000 (93,000 x 3) per year for validity rights and $2'339,091 (S/. 93,000 x 83 = S/. 7'719,000) per year for penalties, which summed up total $2'618,091 per year. Btw, that figure isn't low at all!!
Note also that this liabilities are not related to OEFA's fine, which as long as I know has not been imposed yet. To know OEFA's fine you should look at oefa's site (2).
(1)
https://www.ingemmet.gob.pe/documents/73138/899700/TRIPTICO-DERECHO-DE-VIGENCIA.pdf/8f5e32a8-e8c2-4ecd-be6e-1c784eb425ac (2)
https://publico.oefa.gob.pe/Portalpifa/IntervencionesUF.do