South Africas Mining Fiscal Regime: H1 2014

South Africas Mining Fiscal Regime: H1 2014 Synopsis Timetric’s South African fiscal regime report outlines the governing bodies, laws, licenses, rights and obligations and tax-related information on 10 commodities: coal, iron ore, copper, zinc, gold, silver, nickel, chromium, manganese and platinum group metals. Executive summary South Africa’s prolific mineral reserves include precious metals and minerals, energy minerals, non-ferrous metals and minerals, ferrous minerals, and industrial minerals. South Africa has significant mineral resource deposits such as platinum, chromium, coal, iron ore, manganese, nickel, phosphates, tin, diamonds, uranium and platinum. The Department of Mineral Resources is the primary body that formulates and implements mining policy for the exploration, development, utilization, processing and management of mineral resources in the country. The Department of Energy, the National Nuclear Regulator and the Mine Health and Safety Council are other governing bodies involved in the development of the country’s mining industry. Scope The report outlines South Africa's governing bodies, governing laws, prospecting and mining rights, prospecting and mining obligations, key fiscal terms which includes royalties, depreciation, corporate tax, capital gains tax, dividend tax, real property tax, withholding tax, branch profits tax, loss carry forward, VAT and tax incentives. Reasons to buy Gain an overview of South Africa's mining fiscal regime. Key highlights The Department of Mineral Resources (DMR) formulates and implements mining policy, and also advises ministers on these matters. It ensures the exploration, development, utilization, processing and management of mineral resources in the country. The Council for Geosciences, introduced through the Geoscience Act 1993, No 100 of 1993 is the national agency expertise in providing earth science information, and is responsible for providing services for the proper management of...