Interest Rates for Mining Taxes & Fees

We determine interest rates for mineral land tax and the mine inspection fee on a quarterly basis each year. Here is an explanation of the table below.

Bank Rate

The interest rate posted by financial institutions for that month.

Receivable Rate (%)

The interest rate you are charged on your overdue balance.

Payable Rate (%)

The interest rate we use to credit interest if you made an overpayment.

Ending Period Bank Rate
(%)
Receivable Rate
(%)
Payable Rate
(%)
2016
31-Dec-16 0.75 5.70 0.70
30-Nov-16 0.75 5.70 0.70
31-Oct-16 0.75 5.70 0.70
30-Sep-16 0.75 5.70 0.70
31-Aug-16 0.75 5.70 0.70
31-July-16 0.75 5.70 0.70
30-June-16 0.75 5.70 0.70
31-May-16 0.75 5.70 0.70
30-Apr-16 0.75 5.70 0.70
31-Mar-16 0.75 5.70 0.70
28-Feb-16 0.75 5.70 0.70
31-Jan-16 0.75 5.70 0.70
2015
30-Dec-15 0.75 5.70 0.70
30-Nov-15 0.75 5.70 0.70
31-Oct-15 0.75 5.70 0.70
30-Sep-15 0.75 5.85 0.85
31-Aug-15 0.75 5.85 0.85
31-July-15 0.75 5.85 0.85
30-June-15 1.00 5.85 0.85
31-May-15 1.00 5.85 0.85
30-Apr-15 1.00 5.85 0.85
31-Mar-15 1.00 6.00 1.00
28-Feb-15 1.00 6.00 1.00
31-Jan-15 1.00 6.00 1.00
2014
31-Dec-14 1.25 6.00 1.00
30-Nov-14 1.25 6.00 1.00
31-Oct-14 1.25 6.00 1.00
30-Sep-14 1.25 6.00 1.00
31-Aug-14 1.25 6.00 1.00
31-July-14 1.25 6.00 1.00
30-Jun-14 1.25 6.00 1.00
31-May-14 1.25 6.00 1.00
30-Apr-14 1.25 6.00 1.00
31-Mar-14 1.25 6.00 1.00
28-Feb-14 1.25 6.00 1.00
31-Jan-14 1.25 6.00 1.00
2013
31-Dec-13 1.25 6.00 1.00
30-Nov-13 1.25 6.00 1.00
31-Oct-13 1.25 6.00 1.00
30-Sep-13 1.25 6.00 1.00
31-Aug-13 1.25 6.00 1.00
31-Jul-13 1.25 6.00 1.00
30-Jun-13 1.25 6.00 1.00
31-May-13 1.25 6.00 1.00
30-Apr-13 1.25 6.00 1.00
31-Mar-13 1.25 6.00 1.00
28-Feb-13 1.25 6.00 1.00
31-Jan-13 1.25 6.00 1.00