Taxation Considerations in Mining/Exploration

Organization: The Australasian Institute of Mining and Metallurgy
Pages: 14
Publication Date: Jan 1, 1990
The cost of constantly extending a decline tunnel that plays a part in the actual extractive process is a revenue cost. The characteristics of such a decline tunnel are that it is dug in a series of relatively small excavations. It follows the ore body and is dug as close to the ore body as practicable. In addition, the decline allows for the extraction of ore in the immediate vicinity, with the ore being extracted in a relatively short period of time.
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