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allafricacom south africa mining royalties

South Africa:Billions inMining RoyaltiesIntended for the Poor Squandered,Stolen or Diverted. 1 July 2019. GroundUp (Cape Town) ... Distributed by AllAfrica Global Media (allAfrica.com).

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

The Department of Mineral Resources (DMR) says it will study the 2018Mining RoyaltiesResearch Report, which highlights the complexities and challenges facingSouth Africa'sminingindustry.

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South Africa Mining Royalty Payments System 'A Sham
South Africa Mining Royalty Payments System 'A Sham

Analysis -Miningcommunities have long complained about getting a raw deal. A new report details how the system ofroyaltypayments is failing them.

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South Africa Mining Royalties Law Takes
South Africa Mining Royalties Law Takes

Implementation of themining royaltieslegislation will go ahead next month after it was deferred last year to give firms relief from the recession and save jobs in theminingsector.

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Nigeria Govt to Roll Out Policy On Mining Royalties
Nigeria Govt to Roll Out Policy On Mining Royalties

In its bid to increase revenue generation frommining, the Federal Government will soon come up with a new policy that will ensureminingcompanies pay the accurateroyaltiesfrom their sales.

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Mining duties, royalties and taxes in South Africa
Mining duties, royalties and taxes in South Africa

Sep 25, 2019· The Mineral and Petroleum ResourcesRoyaltyAct 28 of 2008 (Royalty Act) sets out the revenue-basedroyaltiespayable on mineral resources that are extracted withinSouth Africaand ‘transferred’. TheRoyaltyAct differentiates between refined and unrefined mineral resources. Themining royaltypercentage is capped at 5 per cent for refined mineral resources and 7 per cent for unrefined …

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Mining duties, royalties and taxes in South Africa Lexology
Mining duties, royalties and taxes in South Africa Lexology

Jul 04, 2019· Themining royaltypercentage is capped at 5 per cent for refined mineral resources and 7 per cent for unrefined mineral resources. TheRoyaltyAct uses two variables to calculate the royalty...

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Flaws in South African mining royalties system highlighted
Flaws in South African mining royalties system highlighted

Mar 26, 2019· Flaws inmining royaltiesinSouth Africarevealed. 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 2018Mining RoyaltiesResearch Report inSouth Africa, highlighting the complexities and challenges in the management and ...

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Mining duties, royalties and taxes in South Africa
Mining duties, royalties and taxes in South Africa

Sep 25, 2019· The Mineral and Petroleum ResourcesRoyaltyAct 28 of 2008 (RoyaltyAct) sets out the revenue-basedroyaltiespayable on mineral resources that are extracted withinSouth Africaand ‘transferred’. TheRoyaltyAct differentiates between refined and unrefined mineral resources. Themining royaltypercentage is capped at 5 per cent for refined ...

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Billions in mining royalties intended for thepoor
Billions in mining royalties intended for thepoor

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

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Flaws inSouth African mining royaltiessystem highlighted
Flaws inSouth African mining royaltiessystem highlighted

Mar 26, 2019· Flaws inmining royaltiesinSouth Africarevealed. 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 2018Mining RoyaltiesResearch Report inSouth Africa, highlighting the complexities and challenges in the management and ...

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CW report highlights flaws in themining royaltiessystem
CW report highlights flaws in themining royaltiessystem

Since 2004,South Africanlaw has decreed that mineral and petroleum resources belong to the people ofSouth Africa, and the state must act as a custodian of these resources. In partnership with the Open Society Foundation, CW embarked on a project to examine the history and evolution ofSouth Africa’smining royaltiessystem, with the aim of ...

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Mining duties, royalties and taxes inGhana Lexology
Mining duties, royalties and taxes inGhana Lexology

Jul 04, 2019·Mining duties, royalties and taxes in South Africa* -South Africa. At a glance:mining duties, royalties and taxes inIndia * - India. At a glance:miningduties, ...

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Withholding Tax on Royalties South AfricanRevenue Service
Withholding Tax on Royalties South AfricanRevenue Service

Jun 22, 2020· The WTR is due on any amount ofroyaltypaid to or for the benefit of a foreign person from a source withinSouth Africa. The foreign person is liable for the tax, but the tax must be withheld from theroyaltypayment by the person paying it to the foreign person (i.e. the withholding agent).

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South32 to divest Western Australian mineralroyaltiesto
South32 to divest Western Australian mineralroyaltiesto

South32 has signed an agreement to sell a package of minerals located in Western Australiaroyaltiesto Canadian gold-focusedroyaltycompany ElementalRoyalties. The completion of the transaction is contingent to securing approval from Australia’s Foreign Investment Review Board (FIRB). Credit ...

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The Taxation ofSouth African Miningand Prospecting
The Taxation ofSouth African Miningand Prospecting

Nov 28, 2013· Non-tax resident shareholders selling their shares (whether directly or indirectly through intermediary companies) inSouth African miningcompanies or prospecting companies may be subject toSouth AfricanCGT, and if so the purchaser is obliged to withhold 7.5% of the purchase price as an advance payment of such CGT and pay it over to SARS.

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South Africacould usemining royaltiesto set up
South Africacould usemining royaltiesto set up

JOHANNESBURG, Feb 19 (Reuters) -South Africacould usemining royaltiesto set up a proposed sovereign wealth fund, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. President Cyril Ramaphosa said in an annual address to parliament last week the government had decided to establish a sovereign fund, but he did not say how ...

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Royalty financing set to increasein popularity among
Royalty financing set to increasein popularity among

Jun 06, 2019· GLOBALLY,royaltyfinancing in the gold industry has become a significant source of capital yetAfricahas a small share despite contributing an estimated 20% of global gold production.. But this will change in view of three trends:Africangovernments are seeingroyaltiesas the ideal revenue stream,royaltiesare becoming more of an accepted form of financing, and all stakeholders are ...

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mining royalties in zimbabwe
mining royalties in zimbabwe

Gold industry hails reduction inroyaltyfees - The Zimbabwe Mail. 16 Sep 2014 ... Theminingindustry has welcomed, the reduction in goldroyaltyfees and the scrapping of …

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Ghana's mining communities are still not gettingtheir
Ghana's mining communities are still not gettingtheir

Jan 08, 2020· The scheme is to receive 20% of the fund’s share (which equals 4% of the totalroyaltiespaid by theminingcompanies to the state, or 0.2% of theminingcompanies’ total revenue).

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South Africa could use mining royalties toset up
South Africa could use mining royalties toset 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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South Africa could use mining royalties toset up
South Africa could use mining royalties toset up

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

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DMR to study mining royalties report SAnews
DMR to study mining royalties report SAnews

Mar 27, 2019· Wednesday, March 27, 2019. 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. “The department will study the report and the issues it highlights, consider where it enhances our commitment to eradicate corruption and how it should respond to the …

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Royalty streaming a golden funding opportunity for Africa
Royalty streaming a golden funding opportunity for Africa

Sep 03, 2019· TheAfricanfrontier. With a stable base of 21 cash-flowingroyaltiesand counting, with several more in development, the bulk of Sandstorm Gold’s revenue currently comes fromSouthand North America. Much of its future revenue however is expected to come fromAfrica.

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A win for theminingindustry Decision regarding the
A win for theminingindustry Decision regarding the

TheSouth AfricanRevenue Service (SARS) conducted an audit and after numerous correspondence between the parties, SARS issued a letter of audit findings in relation to UMK’sroyaltypayment for the 2010 and 2011 years of assessment.

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Zuma Seeks Review of Mining Taxes to Boost Revenue Bloomberg
Zuma Seeks Review of Mining Taxes to Boost Revenue Bloomberg

Feb 14, 2013·South AfricanPresident Jacob Zuma saidmining royaltieswill be reviewed as he comes under pressure to reduce poverty and inequality in the world’s biggest producer of …

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Mining Tax PwCSouth Africa
Mining Tax PwCSouth Africa

Miningforms one of the leading industries inSouth Africa, playing a vital role in the economy. Due to the complexity of theSouth Africantax laws and the impact thereof on the industry, its is necessary to have a thorough understanding of not only the tax legislation, but also the specific needs of theSouth African mining…

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MiningLaw 2021 Laws and Regulations South Africa ICLG
MiningLaw 2021 Laws and Regulations South Africa ICLG

South Africa:MiningLaws and Regulations 2021. ICLG -MiningLaws and Regulations -South Africacovers common issues inmininglaws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

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