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Windfall Tax (Mongolia)
The Windfall tax or windfall profits tax in Mongolia was a taxation on the profit (accounting), profits made by Mining in Mongolia, mining companies operating in Mongolia. It was implemented in 2006 and was the highest windfall profits tax in the world. It was a tax on unsmelted copper and gold concentrate that was produced in Mongolia. The tax was repealed in 2009 and phased out over two years. Repealing the 68% tax law was considered essential to enable foreign mining companies to invest in mineral resources development of Mongolia. Implementation The tax was initially proposed to the State Great Khural (the Mongolian Parliament) in 2005, initially taxing copper and gold profits when their respective prices reach $2,600 per tonne and $500 per troy ounce. The bill passed in May 2006, a change to the law occurred in 2006 changing the gold price that would be taxed to $650 per ounce, and eventually to $850 per ounce. The tax rate was 68%, which was the highest in the world. The t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongolia
Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million, making it the world's most sparsely populated sovereign nation. Mongolia is the world's largest landlocked country that does not border a closed sea, and much of its area is covered by grassy steppe, with mountains to the north and west and the Gobi Desert to the south. Ulaanbaatar, the capital and largest city, is home to roughly half of the country's population. The territory of modern-day Mongolia has been ruled by various nomadic empires, including the Xiongnu, the Xianbei, the Rouran, the First Turkic Khaganate, and others. In 1206, Genghis Khan founded the Mongol Empire, which became the largest contiguous land empire in history. His grandson Kublai Khan conquered China proper and established the Yuan dynasty. After the co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CBC News
CBC News is a division of the Canadian Broadcasting Corporation responsible for the news gathering and production of news programs on the corporation's English-language operations, namely CBC Television, CBC Radio, CBC News Network, and CBC.ca. Founded in 1941, CBC News is the largest news broadcaster in Canada and has local, regional, and national broadcasts and stations. It frequently collaborates with its organizationally separate French-language counterpart, Radio-Canada Info. History The first CBC newscast was a bilingual radio report on November 2, 1936. The CBC News Service was inaugurated during World War II on January 1, 1941, when Dan McArthur, chief news editor, had Wells Ritchie prepare for the announcer Charles Jennings a national report at 8:00 pm. Readers who followed Jennings were Lorne Greene, Frank Herbert and Earl Cameron. ''CBC News Roundup'' (French counterpart: ''La revue de l'actualité'') started on August 16, 1943, at 7:45 pm, being replaced by ''T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royalties
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979 A royalty interest is the right to collect a stream of future royalty payments. A license agreement defines the terms under which a resource or property are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions. N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gobi Desert
The Gobi Desert (Chinese: 戈壁 (沙漠), Mongolian: Говь (ᠭᠣᠪᠢ)) () is a large desert or brushland region in East Asia, and is the sixth largest desert in the world. Geography The Gobi measures from southwest to northeast and from north to south. The desert is widest in the west, along the line joining the Lake Bosten and the Lop Nor (87°–89° east). In 2007, it occupied an arc of land in area. In its broadest definition, the Gobi includes the long stretch of desert extending from the foot of the Pamirs (77° east) to the Greater Khingan Mountains, 116–118° east, on the border of Manchuria; and from the foothills of the Altay, Sayan, and Yablonoi mountain ranges on the north to the Kunlun, Altyn-Tagh, and Qilian mountain ranges, which form the northern edges of the Tibetan Plateau, on the south. A relatively large area on the east side of the Greater Khingan range, between the upper waters of the Songhua (Sungari) and the upper waters of the Liao-h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rio Tinto (corporation)
Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly the refining of bauxite and iron ore. Rio Tinto has joint head offices in London (global and "plc") and Melbourne ("Limited" Australia).Suburbs & Postcodes " |
Constitution Court Of Mongolia
A constitution is the aggregate of fundamental principles or established precedents that constitute the legal basis of a polity, organisation or other type of entity and commonly determine how that entity is to be governed. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a ''written constitution''; if they are encompassed in a single comprehensive document, it is said to embody a ''codified constitution''. The Constitution of the United Kingdom is a notable example of an ''uncodified constitution''; it is instead written in numerous fundamental Acts of a legislature, court cases or treaties. Constitutions concern different levels of organizations, from sovereign countries to companies and unincorporated associations. A treaty which establishes an international organization is also its constitution, in that it would define how that organization is constituted. Within states, a constitution d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of Mongolia
The current Constitution of Mongolia (, ''Mongol Ulsyn Ündsen Khuuli'', "Fundamental Law of Mongolia") was adopted on 13 January 1992, put into force on 12 February, and amended in 1999, 2000 and 2019. The new constitution established a representative democracy in Mongolia, guaranteeing freedom of religion, rights, travel, expression, unalienable rights, government setup, election cycle, and other matters. It was written after the Mongolian Revolution of 1990 and dissolved the People's Republic of Mongolia. It consists of a preamble followed by six chapters divided into 70 articles. It is very close to and/or inspired by Western constitutions in terms of freedom of press, inalienable rights, freedom to travel, and other rights. Constitutional history Previous constitutions had been adopted in 1924, 1940 and 1960. Chapters Chapter One Declares the sovereignty and territorial integrity of the Mongolian state. Defines relationship between religion and state. Defines Mongolian e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongol Bank
The Mongols ( mn, Монголчууд, , , ; ; russian: Монголы) are an East Asian ethnic group native to Mongolia, Inner Mongolia in China and the Buryatia Republic of the Russian Federation. The Mongols are the principal member of the large family of Mongolic peoples. The Oirats in Western Mongolia as well as the Buryats and Kalmyks of Russia are classified either as distinct ethno-linguistic groups or subgroups of Mongols. The Mongols are bound together by a common heritage and ethnic identity. Their indigenous dialects are collectively known as the Mongolian language. The ancestors of the modern-day Mongols are referred to as Proto-Mongols. Definition Broadly defined, the term includes the Mongols proper (also known as the Khalkha Mongols), Buryats, Oirats, the Kalmyk people and the Southern Mongols. The latter comprises the Abaga Mongols, Abaganar, Aohans, Baarins, Chahars, Eastern Dorbets, Gorlos Mongols, Jalaids, Jaruud, Kharchins, Khishigten, Khorchin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
