Interest rates for mineral land tax and the mine inspection fee

Last updated on July 10, 2024

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
(%)
2024
31-Dec-24      
30-Nov-24      
31-Oct-24      
30-Sep-24      
31-Aug-24      
31-Jul-24      
30-Jun-24 5.00 9.95 4.95
31-May-24 5.25 9.95 4.95
30-Apr-24 5.25 9.95 4.95
31-Mar-24 5.25 10.20 5.20
29-Feb-24 5.25 10.20 5.20
31-Jan-24 5.25 10.20 5.20
2023
31-Dec-23 5.25 10.20 5.20
30-Nov-23 5.25 10.20 5.20
31-Oct-23 5.25 10.20 5.20
30-Sep-23 5.25 9.95 4.95
31-Aug-23 5.25 9.95 4.95
31-Jul-23 5.25 9.95 4.95
30-Jun-23 5.00 9.70 4.70
31-May-23 4.75 9.70 4.70
30-Apr-23 4.75 9.70 4.70
31-Mar-23 4.75 9.45 4.45
28-Feb-23 4.75 9.45 4.45
31-Jan-23 4.50 9.45 4.45
2022
31-Dec-22 4.50 8.45 3.45
30-Nov-22 4.00 8.45 3.45
31-Oct-22 3.50 8.45 3.45
30-Sep-22 3.50 6.70 1.70
31-Aug-22 2.75 6.70 1.70
31-July-22 2.75 6.70 1.70
30-June-22 1.75 5.70 0.70
31-May-22 1.25 5.70 0.70
30-Apr-22 1.25 5.70 0.70
31-Mar-22 0.75 5.45 0.45
28-Feb-22 0.50 5.45 0.45
31-Jan-22 0.50 5.45 0.45
2021
31-Dec-21 0.50 5.45 0.45
30-Nov-21 0.50 5.45 0.45
31-Oct-21 0.50 5.45 0.45
30-Sep-21 0.50 5.45 0.45
31-Aug-21 0.50 5.45 0.45
31-July-21 0.50 5.45 0.45
30-June-21 0.50 5.45 0.45
31-May-21 0.50 5.45 0.45
30-Apr-21 0.50 5.45 0.45
31-Mar-21 0.50 5.45 0.45
29-Feb-21 0.50 5.45 0.45
31-Jan-21 0.50 5.45 0.45
2020
31-Dec-20 0.50 5.45 0.45
30-Nov-20 0.50 5.45 0.45
31-Oct-20 0.50 5.45 0.45
30-Sep-20 0.50 5.45 0.45
31-Aug-20 0.50 5.45 0.45
31-July-20 0.50 5.45 0.45
30-June-20 0.50 5.95 0.95
31-May-20 0.50 5.95 0.95
30-Apr-20 0.50 5.95 0.95
31-Mar-20 1.00 6.95 1.95
29-Feb-20 2.00 6.95 1.95
31-Jan-20 2.00 6.95 1.95
2019
31-Dec-19 2.00 6.95 1.95
30-Nov-19 2.00 6.95 1.95
31-Oct-19 2.00 6.95 1.95
30-Sep-19 2.00 6.95 1.95
31-Aug-19 2.00 6.95 1.95
31-July-19 2.00 6.95 1.95
30-June-19 1.75 6.95 1.95
31-May-19 1.75 6.95 1.95
30-Apr-19 1.75 6.95 1.95
31-Mar-19 1.75 6.95 1.95
28-Feb-19 1.75 6.95 1.95
31-Jan-19 1.75 6.95 1.95
2018
31-Dec-18 1.75 6.70 1.70
30-Nov-18 1.75 6.70 1.70
31-Oct-18 1.75 6.70 1.70
30-Sep-18 1.50 6.45 1.45
31-Aug-18 1.75 6.45 1.45
31-July-18 1.75 6.45 1.45
30-June-18 1.50 6.45 1.45
31-May-18 1.50 6.45 1.45
30-Apr-18 1.50 6.45 1.45
31-Mar-18 1.50 6.20 1.20
28-Feb-18 1.50 6.20 1.20
31-Jan-18 1.50 6.20 1.20
2017
31-Dec-17 1.25 6.20 1.20
30-Nov-17 1.25 6.20 1.20
31-Oct-17 1.25 6.20 1.20
30-Sep-17 1.25 5.70 0.70
31-Aug-17 1.00 5.70 0.70
31-July-17 1.00 5.70 0.70
30-June-17 0.75 5.70 0.70
31-May-17 0.75 5.70 0.70
30-Apr-17 0.75 5.70 0.70
31-Mar-17 0.75 5.70 0.70
28-Feb-17 0.75 5.70 0.70
31-Jan-17 0.75 5.70 0.70