United States of America (USA) Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update
Summary
GlobalData's United States of America (USA) Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update provides a comprehensive coverage on US' mining fiscal regime. The report provides country's overview with macroeconomic performance, corruption index and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, rights, and obligations, as well as current and future tax-related proposals.
The US has abundant and diverse natural resources, including extensive deposits of copper, gold coal, iron ore and uranium. According to the US Geological Survey (USGS), mines in the US generated $90.4 billion in minerals in 2021, a $9.7 billion increase over the previous year. This was primarily due to an increase in non-fuel mineral commodity consumption after the initial impact of the COVID-19 pandemic, as well as supply constraints and increased the commodity prices. Copper, for instance, reached an all-time high of $9,317.1 per tonne in 2021. Of the $90.4 billion, the value of industrial minerals was $56.6 billion, while the remainder was metal mine production, which increased by 63% and 23% respectively in 2021, compared to 2020. Arizona, Nevada, Texas, California, Minnesota, Alaska, Utah, Florida, Missouri and Michigan were the top ten revenue-generating states in 2021.
Scope
- The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory.
- Enhance your decision-making capability in a more rapid and time sensitive manner
- Find out US' governing bodies, major laws in the industry
- Identify various mineral licenses and fees
- To gain an overview of US' mining fiscal regime
- 1. Executive Summary
- 2. Country Overview
- 2.1 Macroeconomic Performance
- 2.2 Ease of Doing Business
- 2.3 Corruption Index
- 2.4 Minerals Overview
- 3. Governing Bodies
- 3.1 Federal Governing Bodies
- 3.2 State Governing Bodies
- 3.3 Laws and Regulations
- Federal Laws
- State Laws
- 3.4 Licenses and Leases
- Coal Mining Lease
- Exploratory License
- Federal Permits
- State Permits
- 3.5 Rights and Obligations
- Rights
- Obligations
- 3.6 Taxes and Royalties
- Federal Reclamation Fee
- Royalty
- Mining Claim Fees
- State Fees
- Corporate Tax Rates
- Real Property Tax
- 4. Appendix
- 4.1 Abbreviations
- 4.2 Methodology
- 4.3 Coverage
- 4.4 Secondary Research
- Contact Us
- List of Tables
- Table 1: Ease of doing business, global ranking, 2019-2020
- Table 2: National level mining governing bodies and agencies, 2022
- Table 3: State level mining governing bodies and agencies, 2022
- Table 4: Anthracite coal mining application fees, 2022
- Table 5: Bituminous coal surface mining application fees, 2022
- Table 6: Bituminous coal underground mining application fees, 2022
- Table 7: Non-coal mining application fees, 2022
- Table 8: Excise tax rates, 2022
- Table 9: Coal royalty rates (%), 2022
- Table 10: Mining claim fees (new claims), before september 1, 2019
- Table 11: Mining claim fees (new claims), on or after september 1, 2019
- Table 12: Mining claim fees (existing claims), 2022
- Table 13: Processing fees to apply for waiver in maintenance fees for existing claims, 2022
- Table 14: Processing fees for transfer of interest/amended notice of location, 2022
- Table 15: Disposition of occupation tax revenue, 2022
- Table 16: Tennessee mining fees ($), 2022
- Table 17: Alaska mining license tax on net income (%), 2022
- Table 18: West Virginia coal severance tax rate (%), 2022
- Table 19: Montana coal severance tax rate (%), 2022
- Table 20: Nevada, net proceeds tax rates (%), 2022
- Table 21: State corporate tax rates (%), as of January 2022
- List of Figures
- Figure 1: Country Overview, 2022
- Figure 2: Nominal GDP ($ billion) and Real GDP Growth Rate (%), 2001-2020
- Figure 3: Mining FDI and exports ($ billion), 2015-2021
- Figure 4: Ease of doing business, global ranking, 2019-2020
- Figure 5: Corruption perception index rank, 2015-2021
- Figure 6: EoDB and CPI Ranking, 2021
- Figure 7: Minerals Production Trend, 2011-2021
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