allafricacom south africa mining royalties

  • Mining royalty payments system a sham says Corru

    Mining communities have long complained about getting a raw deal. A new report details how the system of royalty payments is failing them.

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  • THE NEW SOUTH AFRICAN MINERAL ROYALTY FORMULAE.

    THE NEW SOUTH AFRICAN MINERAL ROYALTY FORMULAE. WILL ALL MINERS BECOME REFINERS PLATINUM CASE STUDY A research report submitted to the Faculty of Engineering and the Built Environment University of the Witwatersrand Johannesburg in partial IMPACT OF MPRRA ON THE SOUTH AFRICAN MINING INDUSTRY AND ITS CONTRIBUTION TO THE SOUTH AFRICAN

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  • RESEARCH REPORT 2018fighting corruption in South Africa

    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

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  • 2297. Mining and prospectingSAICA

    2297. Mining and prospecting APRIL 2014ISSUE 175. This article deals with the taxation of mining and prospecting companies that are tax resident in South Africa and their non-tax resident shareholders. What is certain is that they are subject to taxes.

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  • RESEARCH REPORT 2018fighting corruption in South Africa

    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

    Get Price
  • Billions in mining royalties intended for the poor

    Billions in mining royalties intended to uplift poor communities are potentially being squandered stolen or diverted due to in-fighting and maladministration of these funds. South Africa .

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  • South Africa could use mining royalties to set up

    JOHANNESBURG Feb 19 (Reuters)South Africa could use mining royalties to set up a proposed sovereign wealth fund Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday.

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  • Mineral and Petroleum Resources Royalty

    What s New

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  • A win for the mining industry Decision regarding the

    The South African Revenue Service (SARS) conducted an audit and after numerous correspondence between the parties SARS issued a letter of audit findings in relation to UMK s royalty payment for the 2010 and 2011 years of assessment.

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  • Mineral and Petroleum Resources Royalty Act 28 of 2008

    The Mineral and Petroleum Resources Royalty Act 28 of 2008 aims to impose a royalty on the transfer of mineral resources and to provide for matters connected therewith. Commencement. 1

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  • A win for the mining industry Decision regarding the

    The South African Revenue Service (SARS) conducted an audit and after numerous correspondence between the parties SARS issued a letter of audit findings in relation to UMK s royalty payment for the 2010 and 2011 years of assessment.

    Get Price
  • Mineral and Petroleum Resources Royalty Act 28 of 2008

    The Mineral and Petroleum Resources Royalty Act 28 of 2008 aims to impose a royalty on the transfer of mineral resources and to provide for matters connected therewith. Commencement. 1

    Get Price
  • Zimbabwe Losing millions from illicit gold mining trade

    Dec 07 2020 · Since 2009 the mining sector has become the fastest growing with both small-scale mining companies artisanal miners and multinational companies taking part in the gold rush. However as a result of illicit financial flows Zimbabwe has been losing money through gold smuggling into neighbouring South Africa and nearby Dubai.

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  • Mining duties royalties and taxes in South Africa

    Sep 25 2019 · The mining royalty percentage is capped at 5 per cent for refined mineral resources and 7 per cent for unrefined mineral resources. The Royalty Act uses two variables to calculate the royalty liabilitythe value of the minerals and the royalty percentage rate which is applied to the base.

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  • Billions in mining royalties intended for the poor squa

    Jul 01 2019 · Mining royalties paid to communities who own the land are dispensed in one of two wayseither directly into a D (or development) account or by the conversion of royalties into equity in the

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  • Mining royalty payments system a sham says Corru

    Corruption Watch launched its Mining Royalties Research Report 2018 in Johannesburg on Tuesday. It examines the broken system of royalties paid by companies to mining-affected communities using

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  • Mining royalties possibly redirected eNCA

    Mining royalties possibly redirected. Friday 28 June 201310 55am Workers at Anglo American Platinum mine in Rustenburg North West. Employees Siphumelele shaft did not report for duty on

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  • Mining duties royalties and taxes in South Africa

    Sep 25 2019 · 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 . The Royalty Act differentiates between refined and unrefined mineral resources. The mining royalty percentage is capped at 5 per cent for refined

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  • Tormin Mineral Sands Operation Mineral Commodities Ltd

    Tormin Mineral Sands Situated ∼360kms north of Cape Town on the west coast of South Africa the Tormin Mineral Sands Operation consists of a number of high-grade placer beach and strandline mineral sands deposits hosting some of the richest grades in the world of naturally occurring zircon ilmenite rutile magnetite and garnet.

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  • A win for the mining industry Decision regarding the

    In the recently decided matter of United Manganese of Kalahari (Proprietary) Limited v Commissioner for the South African Revenue Service (74158/2016) 2017 ZAGPPHC 628 (3 October 2017) United Manganese of Kalahari (Proprietary) Limited (UMK) applied to the Gauteng Provincial Division Pretoria (High Court) for declaratory relief in relation to the correct interpretation and application of

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  • Mining RoyaltiesISBN

    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

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  • Mineral and Petroleum Royalty Act PwC South Africa

    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

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  • A new royalty for South African mineral resources

    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

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  • South Africa could use mining royalties to set up

    South Africa could use mining royalties to set up a proposed sovereign wealth fund Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. President Cyril Ramaphosa said in an

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  • Flaws in South Africa s mining royalties system brought to

    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 law has decreed that mineral and petroleum resources belong to the people

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  • Mineral and Petroleum Royalty Act PwC South Africa

    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

    Get Price
  • Billions in mining royalties intended for the poor squa

    Jul 01 2019 · Mining royalties paid to communities who own the land are dispensed in one of two wayseither directly into a D (or development) account or by the conversion of royalties into equity in the

    Get Price
  • Billions in mining royalties intended for the poor

    Billions in mining royalties intended to uplift poor communities are potentially being squandered stolen or diverted due to in-fighting and maladministration of these funds. South Africa

    Get Price
  • Flaws in South African mining royalties system highlighted

    Mar 26 2019 · Flaws in mining royalties in South Africa revealed. Mar 26 2019. 0. views. 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

    Get Price
  • Billions in mining royalties intended for the poor

    Billions in mining royalties intended to uplift poor communities are potentially being squandered stolen or diverted due to in-fighting and maladministration of these funds. South Africa

    Get Price
  • Corruption maladministration of royalties Mining Weekly

    Established to deliver transformation in impoverished mining-affected communities through the distribution of royalties paid by the mining sector which is a large fixture in South Africa s

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  • Mineral and Petroleum Resources Royalty Act 28 of 2008

    The Mineral and Petroleum Resources Royalty Act 28 of 2008 aims to impose a royalty on the transfer of mineral resources and to provide for matters connected therewith. Commencement. 1

    Get Price
  • South Africa Dept of Mineral Resources to Study Mining

    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.

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  • RESEARCH REPORT 2018fighting corruption in South Africa

    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

    Get Price
  • Mineral and Petroleum Royalty Act PwC South Africa

    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

    Get Price
  • Flaws in South African mining royalties system highlighted

    Mar 26 2019 · Flaws in mining royalties in South Africa revealed. Mar 26 2019. 0. views. 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

    Get Price
  • Mineral and Petroleum Resources Royalty Act 28 of 2008

    The Mineral and Petroleum Resources Royalty Act 28 of 2008 aims to impose a royalty on the transfer of mineral resources and to provide for matters connected therewith. Commencement. 1

    Get Price