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The Mining (Royalty Collection and Management) Regulations, Legal Notice no. 106 of 2024.

Country
Type of law
Regulation
Source

Abstract
These Regulations, made under section 223 of the Mining Act, provide for royalty payments determination, reduction, suspension and payable royalty rates, in compliance with section 183 of the Act. The Regulations define the following relevant terms: mineral dealer’s licence; deferred royalty; full market value of a mineral product; reduction of royalty rate; reference price of a mineral product. The Regulations apply to: holder of a mineral right; holder of a mineral dealing right; mineral right transferor. Matters covered by these Regulations include: principles guiding the payment of royalties: providing monetary compensation to the people of Kenya for the extraction of mineral resources, determination of basic royalty rate for each quantity of mineral extracted; royalty base for minerals intended for export; royalty base for minerals used or consumed exclusively within Kenya; due dates for payment of royalties.
Date of text
Repealed
No
Serial Imprint
Kenya Gazette Supplement no. 128 of 2024.
Source language

English

Legislation Amendment
No
Implements