Revenue assessment and reconciliation is an increasingly important governance issue in all mining operations. In nations and economies driven largely by mining, the authorities need a clear visibility on royalty as well as other taxes and revenues accruing from mining

Further, in countries where mining is an important economic activity, the revenues can vary across jurisdictions. The government’s revenue realisations are also subject to the vagaries of market movement. In addition to royalties, mining companies pay other developmental payables and taxes in various forms.
Mineral royalty has a multi-layered structure in different nations or mining jurisdictions - it can be unit based (regulated price per unit of production), value based (ad-valorem) or profit-based (based on a company’s profits). Government departments or authorities need strong financial, technical, and administrative capacity to regulate and collect the royalties while minimizing the risk of tax evasion.

Our solution auto calculates mining royalty and tracks the entire revenue chain from collection to reconciliation.