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Royalties and Benefits

The Government of Newfoundland and Labrador is committed to ensuring that the province’s natural resources are developed in a manner that will be of maximum benefit to the citizens of the province. At the same time, Government recognizes that it is essential to maintain clear and competitive regulatory and royalty regimes in order to continue to attract new investment in the province’s resource sector. The information in this section outlines the various agreements in place for the province’s major petroleum and mining projects, as well as efforts toward the development of generic royalty regimes for future offshore petroleum developments.

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