Print Options

(1) For the purpose of paragraph (c) of subsection (9) of section 81 of the Act, where waste removal, overburden stripping and shaft sinking cost is incurred during

(a) pre-production stage of mining, or

(b) production stage of mining to get improved access to ore bodies to be mined in the future, cost shall be capitalised.

(2) Where waste removal and overburden stripping cost is incurred during production for the extraction of ore in the current period, the cost shall be expensed.