TAX BRIEF IN THE MINING SECTOR OF GHANA 1.0 Introduction The mining sector is one of the major extractive industries in Ghana. It is estimated that the sector contributes about 41% of total export earnings and 5% of Ghana’s GDP. The sector is dominant with Foreign Direct Investment (“FDI”) with little local participation. 1.1 Legal Framework The Fiscal Regimes that regulate the sector in Ghana are: The Minerals and Mining Act‚ 2006 (Act 703) as amended The Internal Revenue Service Act‚2000
Premium Tax Income tax Taxation
Do you think coal mining is worth the risk? Coal mining is worth the work because of what we get out of it. We get electricity out of it‚ we get jobs out of it (mining jobs) but everything good always has a bad side‚ we get health hazards like black lung disease. I think that coal mining is useful because of all the things above other than the bad one of course‚ otherwise everything is nice about it. You get jobs‚ it costs a small amount for a large amount of it‚ and you get electricity out of it
Premium Fossil fuel Coal Natural gas
Uranium mining and its effects on the environment is a major concern today. Although uranium can be helpful‚ there are risks that have a negative impact on the health of humans‚ animals; as well as effects on air‚ soil and water. Uranium is a hard‚ dense‚ malleable‚ silver-white‚ radioactive metal which can be used as an abundant source of concentrated energy. Uranium is a naturally occurring element found in low levels within rock‚ soil‚ air and water. It is the highest numbered element to be
Premium Uranium Nuclear power Nuclear fission
_____________________________________________________ RESEARCHING SECTION 3: ANNOTATED BIBLIOGRAPHY Assessment question Evaluate business conduct in the mining industry using three ethical principles of the Global Business Standards Codex. Type your responses in the boxes below: Full Harvard style reference Cragg‚ W & Greenbaum‚ A 2002‚ ‘Reasoning about Responsibilities: Mining Company Managers on What Stakeholders are Owed’‚ Journal of Business Ethics‚ vol. 39‚ no.3‚ pp.319-335‚ viewed 7 April 2014‚ Main
Premium Academia Citation Bibliography
Antarctica is a continent which is rich in minerals but due to the Antarctic treaty mining has been banned from this area. I strongly agree that people should not mine this area for many reasons. They include‚ breakdown of peace‚ destruction of the environment‚ no major gain for the world‚ it would encourage disputes between the countries who have claimed a piece of Antarctica and it is against the laws of the treaty. Firstly‚ Antarctica is the one and only continent in the world which has never
Premium Natural environment Mining Environment
Introduction to Data Mining Summer‚ 2012 Homework 3 Due Monday June.11‚ 11:59pm May 22‚ 2012 In homework 3‚ you are asked to compare four methods on three different data sets. The four methods are: • Indicator Response Matrix Linear Regression to the Indicator Response Matrix. You need to implement the ridge regression and tune the regularization parameter. The material of this algorithm can be found in Page 103 to Page 106 in the book ”The Elements of Statistical Learning” (http://www-stat
Premium Machine learning Statistical classification Data analysis
3. DATA MINING TECHNIQUES 3.1 NECESSITY OF DATA MINIING DATA Data is numbers or text which is a statement of a fact. It is unprocessed and stored in database for further analysis. Operational and transaction data such as cost and sales‚ is essential to modern enterprise’s internal environment. Non-operational data such as competitors’ sales and forecasting data‚ is responsible for analysis of external environment. INFORMATION Information is generated through data mining so that it becomes
Premium Data mining
There are several forms of mining that are used to extract minerals and rocks from layers of earth and open-pit mining is one of these methods. This method uses a borrow or open pit and is most frequently used in situations where the desired rocks or minerals are located close to the earth’s surface. A. The Structure of the Open-Pit Mine An open-pit mine is structured in steps‚ often also termed “benches‚” which are the pit’s vertical levels. These steps commonly range from four to sixty meters
Premium Mining
Bethesda Mining Company To be able to analyze the project‚ we need to calculate the project’s NPV‚ IRR‚ MIRR‚ Payback Period‚ and Profitability Index. Since net working capital is built up ahead of sales‚ the initial cash flow depends in part on this cash outflow. So‚ we will begin by calculating sales. Each year‚ the company will sell 600‚000 tons under contract‚ and the rest on the spot market. The total sales revenue is the price per ton under contract times 600‚000 tons‚ plus the spot market
Premium Net present value Depreciation Generally Accepted Accounting Principles
years. Our main products are as follows:small crusher for sale‚ mobile diesel jaw crusher‚ mobile diesel hammer crusher‚ army type jaw crusher‚cement packing machine‚etc.We will provide you with the best product and service. The development of mining machinery industry is closely related to economic development; so that the government is pay more and more attention to the development of this industry. Daswell is also focusing on the development of industrial chains with high technical content
Premium Manufacturing Economy