CLA 8.33% 1.1¢ celsius resources limited.

Ann: Celsius Resources MCB Project takes step closer to Operation, page-16

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  1. 651 Posts.
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    As far as know the company can control the mine, dont need another partner?. a Philippine registered corporation is a Philippine entity same as a filipino.
    CLA holds the licences in this way through Makilala Mining a Philippine registered corporation.
    Here is the setup of a large mining operation in the Philippines by a foreign company.

    Xxxx Gold holds its interest in the xxxxxxx Gold Project through indirectly owned subsidiaries. The Company has a 40% interest in xxxxx Corporation and a 100% interest in Philippine xxxx Corporation. The remaining 60% interest in xxxxx is held by a Philippines-registered company, xxx Holdings

    The Philippines is proposing ( August 2022) a big tax increase on mining with the effective rate going up from 38% to 51% i see in the comments on that its in line with Australia? however i see Australia says they are at 42% effective tax on mining with a corporate tax rate of 30% plus royalties etc
 
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