Money in Timor Leste: A Tourist Guide to ATMs, Cards and …
That makes managing money in Timor Leste rather easy: just bring US dollars! The US dollar is the official currency of Timor Leste. Timor Leste has unique coins though! The coins are called "centavos" from the Portuguese word for 100. They are equivalent in value to the US cent and go from 1 to 200. For example, 200 centavos equals 2 US ...
Timor-Leste Literacy Rate 1960-2024 | MacroTrends
Adult literacy rate is the percentage of people ages 15 and above who can both read and write with understanding a short simple statement about their everyday life. Timor-Leste literacy rate for 2022 was 0.00%, a 0% increase from 2021. Timor-Leste literacy rate for 2021 was 0.00%, a 69.9% decline from 2020.
Estrella takes box seat in new Timor-Leste mining frontier
Estrella Resources has secured a prized position in what is emerging as a new mineral frontier after the Timor-Leste Government granted the company three highly-prospective new mining concessions.The acquisition of the concessions gives the company access to an area of 121.5 square kilometres in a region known to host more than 200 mineral occurrences …
A New Mining Code for Timor Leste
The Timor-Leste Mining Code clarifies, in line with the countrys constitution, that all mineral ... the rate of the royalty may range from 2% to 20%, or from US$0.50-$10/t depending on the …
Mining 2023
Most of Timor-Leste's mineral resources remain unexplored. According to the Atlas of Mineral Resources of the ESCAP Region published in 2003 by the United Nations Economic and Social Commission for Asia and the Pacific, the target minerals in the country are chromite, copper, copper-gold, gold and silver manganese, as well as some non-metallic minerals such as …
TIMOR-LESTE LABOUR FORCE SURVEY 2021
Source: Timor-Leste Labour Force Survey 2021. X Figure 2. Informal employment rate by and region, 2021 (per cent) Average wages of salaried employees in Timor-Leste in 2021 was US$252 per month. A gender pay gap is prevalent, with women (US$240) earning on average around 6.6 per cent less than men (US$257) overall.
A new Mining Code for Timor-Leste
After two more years of closed-door discussions and revisions, Timor-Leste's draft Mining Code was approved by the Council of Ministers on 9 August 2016 and celebrated in a government …
Withholding Tax – Autoridade Tributária Timor-Leste
The withholding tax rate for income paid to non-residents without a permanent establishment in Timor-Leste is 10%. Rent Payments: payer withholds the tax, unless payer of rent is an individual All rent payments are subject to withholding tax which is required under the law to be withheld and remitted by the payer (Section 55, Taxes and Duties Act).
Foreign Per Diem Rates In U.S. Dollars
Foreign Per Diem Rates In U.S. Dollars DSSR 925 Country: TIMOR-LESTE Publication Date: 08/01/2024
Govt announces four mining companies as bid …
DILI, 30 november 2023 (TATOLI) – The Government of Timor-Leste, through the Ministry of Petroleum and Mineral Resources (MPMR) has officially announced four mining companies as the 'Bid Winners' of the Timor-Leste …
Oil and gas taxation in Timor-Leste
The principal Timor-Leste taxes and rates applicable to contractors in the petroleum industry are outlined in the table below. Contractors are persons with an interest in a PSC. Tax Timor-Leste Exclusive Area JPDA Non-Annex F PSCs Annex F PSCs Bayu-Undan EKKN Greater Sunrise Corporate Income Tax 30% of taxable
Criminality in Timor-Leste
While Timor-Leste does not allow the extradition of criminals on political grounds, it is a party to the extradition convention among Portuguese-speaking countries. Timor-Leste has a legal framework that criminalizes most organized crime-related offences, including human trafficking, human smuggling, drug trafficking and arms trafficking.
mining royalty rates in timor leste
mining royalty rates in timor leste. 19-12-2015· Since 1999 Timor‐Leste has seen a dramatic rise in oil revenues, which has been accompanied by a rise in corruption and criticisms of the government for not doing more to rebuild or develop the country.Documents - ResourceDataJoint-Prakas 284 on Royalty Rates and Procedures Mining Cambodia Question 2.2b: Are there …
Geology and mineral resources of Timor-Leste
The book contains an overview of background data and economic outlook for Timor-Leste, geology and tectonic setting, mineral and hydrocarbon resources and their potential, current status of the mining industry and petroleum exploration and development as well as the ESCAP recommendations to the Government and donor community on policy, strategy ...
Timor-Leste Project
TIMOR-LESTE PROJECT. Timor-Leste – A first-mover opportunity to unlock manganese resources in virtually unexplored territory. The nation of Timor-Leste has an exceptionally …
The Petroleum Potential of Onshore Timor Leste
The first Aliambata well reportedly flowed at a rate of 37 barrels of oil per day (bopd) from a zone at a depth of about 100m (Cross, 2000). ... S.F., 1937. Exploration of Portuguese Timor: Report of Allied Mining Corporation to Asia Investment Co., Ltd. Kolff & Co., Batavia & Amsterdam. ... The Timor-Leste Institute for Development Monitoring ...
JPDA (Legal Heritage) | AUTORIDADE NACIONAL DO PETRÓLEO TIMOR-LESTE
"To be a leading petroleum and mineral authority in the region" Autoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution, created under Decree Law No. 1/2016 of 9th February, 1st amendment of Decree-Law No.20/2008 of 19th June, on the Autoridade Nacional do Petróleo, responsible of managing and regulating petroleum and …
Australian miners work to build trust as Timor-Leste metals …
Community relations will be critical for miners working on the first mineral exploration tenements granted in Timor-Leste. Three Australian miners were the only foreign bidders to secure licenses. ... Estrella Resources Ltd. and Beacon Minerals Ltd., plus local group Peak Everest Mining Lda, were granted a total of 13 concession areas by ...
Is Timor-Leste Safe for Travel RIGHT NOW? (2024 …
Is Timor-Leste really that dangerous? Read our full safety guide to find that out and get all of our safety tips for your trip. ... In my personal experience the crime rates here are much lower than countries in similar …
TIMOR-LESTE: Mining Code 2021 (Law No. 12/2021 of 2021)
LEI N.º 12 /2021. de 30 de Junho. CÓDIGO MINEIRO. Atendendo ao disposto no artigo 139.º da Constituição da República Democrática de Timor-Leste, os recursos naturais devem ter uma lei própria que estabeleça as regras nesta matéria, revestindo-se a regulamentação das atividades pessoas singulares e coletivas interessadas em levar a cabo Atividades Mineiras no país, a …
Mining 2023
Royalty. The rates applicable in connection with the mining royalty, which is calculated on the value of the mineral resources, are as follows: precious metals and minerals ‒ 8%, if unprocessed, 3.5%, if processed; ... Since mining activities in Timor-Leste have been widely …
Timor-Leste Exchange Rate (LCU per USD, eop)
The exchange rate in Timor-Leste ended 2022 at 1 USD per USD, compared to the end-2021 value of 1 USD per USD and the figure a decade earlier of 1 USD per USD. For more exchange rate information, visit our dedicated page. Timor-Leste Exchange Rate Chart. Select a country
Untapped East Timor talked up as mining destination
Timor-Leste, as the nation prefers to be known, will celebrate 17 years of independence in May, but is just starting as a mining destination. When a new port near the capital of Dili required large-scale quarrying Iron Fortune introduced Australian explosives-maker Orica to the Government to help develop an explosives code.
Timor-Leste to kick-start mining industry with …
Timor-Leste is announcing the recipients of the first mineral exploration tenements for the fledgling nation on Nov. 30, kicking off a new geological province. The Timor-Leste government approved a revised mining …
Timor-Leste
Timor-Leste - Official exchange rate Official exchange rate (LCU per US$, period average) The value for Official exchange rate (LCU per US$, period average) in Timor-Leste was 1.000 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 1.000 in 2021 and a minimum value of 1.000 in 1960.
Estrella takes box seat in new Timor-Leste mining frontier
Estrella Resources has secured a prized position in what is emerging as a new mineral frontier after the Timor-Leste Government granted the company three highly-prospective new mining concessions. The acquisition of the concessions gives the company access to an area of 121.5 square kilometres in a region known to host more than 200 mineral occurrences …
Timor-Leste
* The default position is that such amounts will be a final tax. The income recipient can elect to have these payments for services not subjected to final tax by submitting a notification letter to the Timor-Leste Revenue Service. Payments of Timor-Leste-source income made by a resident to a non-resident are subject to WHT at 10%.
Timor Leste Moves Towards Mining Regulation
Mr. da Costa Pinto said that Timor Leste, gaining independence in 2002, has yet to come to terms with a number of challenges. There is a new environmental act but with limited reach …
Timor-Leste Project
Estrella's foothold in Timor-Leste is the result of many years of dialogue between management and Timor-Leste officials. In 2023, Timor-Leste signalled its intent to substantially advance its resources industry with the inaugural awarding of mining concessions, managed under an updated mining code by the National Petroleum and Minerals ...
Digital 2023: Timor-Leste
Internet use in Timor-Leste in 2023. There were 670.6 thousand internet users in Timor-Leste in January 2023.. Timor-Leste's internet penetration rate stood at 49.6 percent of the total population at the start of …