Taxation Issues for the Mining Industry: 2010 Update

A Report by the Intergovernmental Working Group on the Mineral Industry

Table of Contents

• Introduction
• Context
  • The Economy
  • Exploration
  • Nonferrous Base-Metal Reserves
  • Reform of Mining Royalty Regimes
• Considerations
  • Short-Term Issues
    • Mineral Exploration Tax Credit Extension
    • Canadian Exploration Expense – Overhead Costs
    • Canadian Exploration Expense – Eligibility Rules
  • Long-Term Issues
    • Declining Nonferrous Base – Metal Reserves
      • New Mine Status – 60-Month Rule
      • Incenting Deep Exploration Near Operating Mines
    • International Tax Competitiveness
• Recommendations