RIZAL RESOURCES CORPORATION V.RZL.H

Metals & Mining Industrial Metals & Minerals

Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval...

TSXV:RZL.H - Post by User

RIZAL RESOURCES CORPORATION

Bullboard Posts

Post by Maupition Jan 28, 2013 12:48am

247 Views

Post# 20897515

Something about taxes and duties in the Philippine

https://www.rappler.com/business/6448-ph-mining-taxes-not-competitive-internationally,-says-smi

https://www.abc.net.au/news/2012-07-10/an--phil-mining-tax/4122416

Permits and licenses

Through its subsidiaries and the Philippine companies, the Company has interests in certain permits and licences to explore and develop exploration and evaluation assets located in the Philippines, as described below:

(i) Batoto, Barangay Camanlangan, Municipality of New Bataan, Compostela Valley Province, Philippines.
There are no royalties payable to the Government of the Philippines because the properties are located in an indigenous area. The indigenous peoples will, upon commercial production, be given a royalty equivalent to 1% of the operating cost of any operation. There are no annual work commitments.

(ii) T'Boli, Barangay Kematu, Municipality of T'Boli, South Cotabato Province, Philippines.
There is a 2% mineral royalty payable to the government of the Philippines in respect of any future mineral production.

https://cadanresources.com/wp-content/uploads/2010/05/CADAN-FS-Q3-FINAL.pdf