South Africa’s Mining Market 2017-By Facilitate Decision-Making and Analyzing Market Data

Summary

"South Africa’s Mining Fiscal Regime 2017", presents the essential information relating to the terms which govern investment into South Africa’s mining industry. The report sets out in detail the contractual framework under which firms must operate in the industry and clearly outlines the governing bodies, governing laws, rights and tax-related information on different commodities.

 

Scope

- Detail on legal framework and governing bodies administering the industry

- Overview of governing laws, regulations, rights and key fiscal terms governing mining industry in South Africa

- Detail on royalty and applicable tax rates including

- Information on application of fiscal and regulatory terms to specific licenses

 

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Reasons to buy

- Gain an overview of South Africa’s mining fiscal regime

- Understand the complex regulations and contractual requirements applicable to South Africa’s mining industry.

- Understand the regulatory and taxation framework in the country’s mining industry

 

Table of Content: Key Points

1 Table of Contents 1

1.1. List of Tables 2

2. South Africa’s Mining Fiscal Regime 2017 3

2.1. Key Highlights 3

3. South African Mining Industry: Governing Bodies 4

3.1. Department of Mineral Resources (DMR) 4

3.1.1. Council for Geoscience 4

3.1.2. Council for Mineral Technology (Mintek) 4

3.1.3. Mining Qualifications Authority (MQA) 4

3.1.4. South African Diamond and Precious Metals Regulator (SADPMR) 4

3.1.5. State Diamond Trader 5

3.2. Department of Energy (DoE) 5

3.3. National Nuclear Regulator (NNR) 5

3.4. Mine Health and Safety Council (MHSC) 5

4. South African Mining Industry: Governing Laws 6

4.1. Minerals and Petroleum Resources Development Act 6

4.2. Mineral and Petroleum Resources Royalty Act 6

4.3. Precious Metals Act 6

4.4. Nuclear Energy Act 7

4.5. National Nuclear Regulator Act 7

4.6. Mine Health and Safety Act 7

4.7. Diamond Export Levy (Administration) Act 7

4.8. Broad-Based Black Economic Empowerment Amendment Act 7

5. South African Mining Industry: Prospecting and Mining Rights 8

5.1. Application for a Prospecting Right or a Mining Right 8

5.2. Prospecting Right 8

5.2.1. Conditions 8

5.2.2. Rights 8

5.2.3. Duration 8

5.2.4. Renewal 9

5.3. Mining Right 9

5.3.1. Conditions 9

5.3.2. Rights 9

5.3.3. Duration 9

5.3.4. Renewal 9

6. South African Mining Industry: Prospecting and Mining Obligations 10

6.1. Prospecting Rights Holders 10

6.2. Mining Right Holders 10

6.3. Retention Right Holders 10

6.4. Environmental Protection and Assessment 11

6.5. Issuance of a Closure Certificate 11

6.6. Cancellation and Suspension of Rights 11

7. South African Mining Industry: Key Fiscal Terms 12

…Continued                            

 

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