Concepts and Context

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the different types of revenues that governments can derive from the extraction of minerals;
how revenue frameworks are established and how applicable royalty rates and fees are set;
how financial assurance requirements help government to manage potential financial liability associated with the remediation of mining sites;
the typical life cycle of mining projects and the revenues that are associated with each project phase;
the range of government responsibilities in the mining sector;
the importance of auditing mining revenues and financial assurances for site remediation; and
recent audits of mining revenues and financial assurances.

The Concepts and Context part of the Practice Guide also includes links to audit reports and other relevant bibliography on auditing the oil and gas sector.

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Concepts and Context

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Concepts and Context

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