+86 0371 8654 9132

AllafricaCom: South Africa: Mining Royalties

South Africa: Mining Royalties - allAfrica

2007-12-10  Editorial - THE third draft of the mining royalty bill is radically different from the first two.

More

South Africa: Billions in Mining Royalties Intended for ...

2019-7-1  South Africa: Billions in Mining Royalties Intended for the Poor Squandered, Stolen or Diverted. 1 July 2019. GroundUp (Cape Town) By Ciaran Ryan.

More

South Africa: Mining Royalties Law Takes Effect On March

2010-2-18  South Africa: Mining Royalties Law Takes Effect On March 1. 18 February 2010. Business Day (Johannesburg) By Bheki Mpofu. Johannesburg — Implementation of the mining royalties legislation will ...

More

South Africa: Dept of Mineral Resources to Study Mining ...

2019-3-27  The Department of Mineral Resources (DMR) says it will study the 2018 Mining Royalties Research Report, which highlights the complexities and challenges facing South Africa's mining industry.

More

SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES

2016-9-21  (the “Royalty Act”) regulates the imposition and calculation of mining royalties. Mining royalties are deductible for income tax purposes. Basic Structure of Royalty Regime In South Africa the liability to pay mining royalties arises when mineral resources which have been extracted from within the Republic, are transferred.

More

Mining Royalties - ISBN: 0821365029

2016-7-10  5.1 Correlation between Mineral Royalties and Effective Tax Rates in South Africa 222 5.2 Employee Numbers, Tonnes Milled, and Average Grade Milled in South African Gold Mines 225 Tables 2.1 Unique Attributes of the Mineral Industry and the Tax Policy Response 17 2.2 Taxes Sometimes Levied on the Mining Industry, and Their Basis 32

More

Mining duties, royalties and taxes in South Africa - Lexology

2019-7-4  The Mineral and Petroleum Resources Royalty Act 28 of 2008 (Royalty Act) sets out the revenue-based royalties payable on mineral resources that are extracted within South Africa and ‘transferred’.

More

RESEARCH REPORT 2018 - fighting corruption in South

2020-9-23  of South Africa’s mining royalties system, while investigating how royalties are paid and how they are administered in speciic mining-affected communities. In addition, the report analyses the main legislative and policy frameworks that exist to manage

More

Flaws in South African mining royalties system highlighted

2019-3-26  Flaws in mining royalties in South Africa revealed. Rabby Kamukwamba and Paul Lemmon at a local Zambian village near one of Copperzone Resources' projects. Corruption Watch has launched its 2018 Mining Royalties Research Report in South Africa, highlighting the complexities and challenges in the management and distribution of mining royalties ...

More

What is the basic structure of the mining royalty regime ...

2012-8-8  In South Africa the liability to pay mining royalties arises when mineral resources which have been extracted from within the Republic, are transferred. The `transfer` of the mineral resources is the trigger for the imposition of the royalty. `Transfer` is defined as the disposal of a mineral resource, or the consumption, theft, destruction, or loss of a mineral resource (other

More

South Africa: Mining Royalties Law Takes Effect On March

2010-2-18  South Africa: Mining Royalties Law Takes Effect On March 1. 18 February 2010. Business Day (Johannesburg) By Bheki Mpofu. Johannesburg — Implementation of the mining royalties legislation will ...

More

Mining Royalties - ISBN: 0821365029

2016-7-10  5.1 Correlation between Mineral Royalties and Effective Tax Rates in South Africa 222 5.2 Employee Numbers, Tonnes Milled, and Average Grade Milled in South African Gold Mines 225 Tables 2.1 Unique Attributes of the Mineral Industry and the Tax Policy Response 17 2.2 Taxes Sometimes Levied on the Mining Industry, and Their Basis 32

More

Flaws in South African mining royalties system highlighted

2019-3-26  Flaws in mining royalties in South Africa revealed. Rabby Kamukwamba and Paul Lemmon at a local Zambian village near one of Copperzone Resources' projects. Corruption Watch has launched its 2018 Mining Royalties Research Report in South Africa, highlighting the complexities and challenges in the management and distribution of mining royalties ...

More

RESEARCH REPORT 2018 - fighting corruption in South

2020-9-23  of South Africa’s mining royalties system, while investigating how royalties are paid and how they are administered in speciic mining-affected communities. In addition, the report analyses the main legislative and policy frameworks that exist to manage

More

A new royalty for South African mineral resources

2009-8-27  royalties in South Africa, one should first consider historic events. The Union of South Africa issued the first mining lease in 1910 to Government Gold Mining Areas. The lease contained two separate formulae depending on profitability. However, both formulae were subject to a minimum lease rate (y) of 10.75% and they had the following structure:

More

Corporate income taxes, mining royalties and other

2015-6-3  South Africa 41 Tanzania 43 Ukraine 45 United Kingdom 46 United States 47 List of PwC contacts 48 Foreword 1 Tax Regime ... Mining royalties can be imposed at the national level or provincial/state level of government. In most countries, the mining royalty

More

Mineral and Petroleum Royalty Act ... - PwC South Africa

2015-6-3  information required for the royalty computation. The team Royalty tax registration Section 2 of the Mineral and Petroleum Resources Royalty Administration Act states that all persons who qualify for registration in terms of the above Act must register with SARS. Our dedicated mining team will provide the requisite assistance to “extractors” to

More

Implats contributes R13bn in taxes, royalties to South ...

2021-9-2  Platinum group metals (PGMs) mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO ...

More

Tracking South Africa’s mining millions Journalismfund

2020-7-13  PRETORIA - Mining companies publicly listed in the United Kingdom must disclose the payments they make to governments, including taxes, royalties, and license fees. But this is not always the case in South Africa. A data investigation by a team of journalists and activists highlighted how these large royalty payment amounts are reported, while miners have no way

More

Fiscal stability agreements offer protection against ...

2011-3-4  FISCAL STABILITY AGREEMENTS OFFER PROTECTION AGAINST INCREASES IN MINING ROYALTIES. Friday, March 04, 2011. Among all the comments surrounding the commencement of mining royalties, few have considered that there is no guarantee that mining royalties will remain capped at 5% and 7% in South Africa. The Mineral and Petroleum

More

A new royalty for South African mineral resources

2009-8-27  royalties in South Africa, one should first consider historic events. The Union of South Africa issued the first mining lease in 1910 to Government Gold Mining Areas. The lease contained two separate formulae depending on profitability. However, both formulae were subject to a minimum lease rate (y) of 10.75% and they had the following structure:

More

Mineral and Petroleum Resource Royalty – South African ...

2019-9-13  The rate for the royalty is determined according to a formula contemplated in subsections (1) and (2) of section 4 of the Mineral and Petroleum Resources Royalties Act, 2008 and differentiates between the refined and unrefined conditions of the mineral resource, and are currently as follows –

More

Mining duties, royalties and taxes in South Africa

2019-9-25  LEXOLOGY / 23 SEPTEMBER 2019 - 14.01 / HERBERT SMITH FREEHILLS LLP Duties, royalties and taxes Duties, royalties and taxes payable by private parties What duties, royalties and taxes are payable by private parties carrying on mining activities? Are these revenue-based or profit-based? The Mineral and Petroleum Resources Royalty Act 28 of 2008 (Royalty Act) sets out the revenue-based royalties ...

More

Mineral and Petroleum Royalty Act ... - PwC South Africa

2015-6-3  information required for the royalty computation. The team Royalty tax registration Section 2 of the Mineral and Petroleum Resources Royalty Administration Act states that all persons who qualify for registration in terms of the above Act must register with SARS. Our dedicated mining team will provide the requisite assistance to “extractors” to

More

South Africa could use mining royalties to set up ...

2020-2-19  South Africa could use mining royalties to set up a proposed sovereign wealth fund, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday.

More

Flaws in South Africa’s mining royalties system brought to ...

2019-3-27  Today Corruption Watch (CW) launched its 2018 Mining Royalties Research Report, highlighting the complexities and challenges in the management and distribution of mining royalties to people living in mine-affected communities, the majority of whom remain without any tangible benefits. Since 2004, South African

More

Implats contributes R13bn in taxes, royalties to South ...

2021-9-17  Platinum group metals (PGMs) mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO ...

More

Tracking South Africa’s mining millions Journalismfund

2020-7-13  PRETORIA - Mining companies publicly listed in the United Kingdom must disclose the payments they make to governments, including taxes, royalties, and license fees. But this is not always the case in South Africa. A data investigation by a team of journalists and activists highlighted how these large royalty payment amounts are reported, while miners have no way

More

Fiscal stability agreements offer protection against ...

2011-3-4  FISCAL STABILITY AGREEMENTS OFFER PROTECTION AGAINST INCREASES IN MINING ROYALTIES. Friday, March 04, 2011. Among all the comments surrounding the commencement of mining royalties, few have considered that there is no guarantee that mining royalties will remain capped at 5% and 7% in South Africa. The Mineral and Petroleum

More

Financial reporting in the mining industry International ...

2015-11-18  pwc\mining Financial reporting in the mining industry International Financial Reporting Standards 6th edition

More