Deerfield Beach, FL -- (SBWIRE) -- 01/13/2016 -- South Africa's Mining Fiscal Regime: H2 2015

Synopsis

Timetric's South African fiscal regime covers the governing bodies, laws, licenses, rights and obligations and tax-related information on 11 commodities: coal, iron ore, copper, zinc, gold, nickel, chromium, uranium, diamond, manganese and platinum.

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Summary

Timetric's fiscal regime report covers South Africa which is well known for its abundance of mineral resources. It holds prolific mineral reserves of gold, platinum group metals, chrome and manganese ore, zirconium, vanadium and titanium

Scope

The report outlines the governing bodies, laws, licenses, rights and obligations and key fiscal terms which includes royalties, depreciation, corporate tax, capital gains tax, dividend tax, withholding tax and value added tax(VAT)

Reasons To Buy

Gain an overview of South Africa's mining fiscal regime

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Key Highlights

- The Department of Mineral Resources (DMR) formulates and implements mining policy, and ensures the exploration, development, utilization, processing and management of the country's mineral resources.

- The Department of Energy is responsible for overseeing the exploration, development, utilization, processing and management of South Africa's energy resources.

- The National Nuclear Regulator is the public entity formed under the National Nuclear Regulator Act of 1999.

- The Minerals and Petroleum Resources Development Act (MPRD Act No. 28 of 2002), which came into operation on May 1, 2004 is the current governing law, having replaced the Minerals Act, 1991 (Act No. 50 of 1991).

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