south africa mines chamber rejectsanc windfall

Profits-based royalty is ''equitable,'' says Chamber of Mines

2018-11-13 · MANILA -- Profits-based royalty and a windfall profits tax, as passed by a House of Representatives committee, is the "most equitable manner" to raise revenues, the Chamber of Mines said Tuesday. Further taxes on mining may not be warranted, since the first tranche of tax reforms doubled doubled excise duties to 4 percent of gross revenues ...

Possible reforms to the fiscal regime applicable to ...

2020-10-12 · Possible reforms to the fiscal regime applicable to windfall profits in South Africa''s liquid fuel energy sector, with particular reference to the synthetic fuel industry: Business Unity South Africa (BUSA) comment on the discussion document ... Chamber of Mines of South Africa (COM) 16. Chemical and Allied Industries'' Association (CAIA) 17 ...

MINING | SA MANUFACTURING ONLINE

The Chamber of Mines of South Africa is a voluntary, private sector employers‟ organisation founded in. 1889, three years after gold was discovered on the Witwatersrand. The Chamber is an association of. mining companies and mines operating in the gold, coal, diamond, platinum and other mineral commodity. sectors.

Mining In South Africa

According to the Chamber of Mines mining creates one million jobs, accounts for 18% of GDP, Accounts for 20% of investment, and Accounts for 13.2% of corporate tax receipts. In 2011, South Africa''s mining industry was the largest contributor of the economic transformation.

A century of migrant labour in the gold mines of South …

2009-8-26 · By 1932 South Africa and its highly cost-sensitive gold mining industry were enjoying a windfall. In that year the country departed from the Gold Standard, new gold-bearing formations were found, and the gold price rose. These windfalls gave industry 66 MARCH 2004 The Journal of The South African Institute of Mining and Metallurgy

The Platinum Problem

2012-8-1 · According to South African Chamber of Mines'' statistics, the mining sector spent R484 billion ($58.2 billion) during 2011: R430 billion ($51.7 billion) of which was spent locally with R88.7 billion ($10.67 billion) going to salaries and R47 billion ($5.65 billion) being spent on …

KPMG GLOBAL MINING INSTITUTE

2021-9-18 · Namibia Country Mining Guide | 3 Namibia Geography Namibia is a sub-Saharan African nation, bordering Angola (1,376 km), Botswana (1,360 km), South Africa (967 km), Zambia (233 km) and the South Atlantic Ocean. The country has a total land area of 823,290 km 2, of which a mere 1,002 km2 are covered by water. Namibia is located in the south-

South Africa: Mining, Minerals and Fuel Resources

2018-5-23 · Source: Chamber of Mines member estimates, bank analyst estimates Key points As at May 2015, on average 50% of the South African mining industry is loss making due to: • Weak commodity prices • Low to negative volume growth • High cost inflation The further weakening of the Rand, deferred capital and cost management is beginning to turn ...

Zimbabwe rakes in $136.9m mining tax revenue windfall

2013-1-21 · It plans placing four mine shafts in South Africa on care and maintenance, cutting 14,000 jobs in the process. Production cuts at South African platinum mines, which account for three-quarters of world supply, drove the price of the metal to a three-month high on Tuesday. The rally extended a 9.9% increase last year amid violent labour protests.

Mining and minerals in South Africa | Brand South Africa

2020-11-20 · exx africa - special report: the risk outlook for african mining For more information on this report or EXX Africa, contact [email protected] . For the terms and conditions of the EXX Africa Insight service, view here.

South Africa looking into windfall tax for mining industry ...

2007-3-1 · But the Chamber of Mines of South Africa rejected calls from a government task team to incorporate the windfall tax on mining companies into the Mining Royalties Bill.

South Africa: Mining, Minerals and Fuel Resources

Mining and minerals in South Africa | Brand South Africa

SA simply can`t afford a doubling in price of electricity ...

2021-8-27 · THE CHAMBER OF MINES OF SOUTH AFRICA - SUBMISSION TO NERSA. 31 January 2013. Key Points: The Mining Sector remains the "flywheel" of the South African economy and has considerable potential to contribute to a higher and more sustainable and labour absorbing economic growth rate.

A case study in privatisation

2016-8-30 · A case study in privatisation. T he best time to measure the overall contribution of a mine to society is when it is about to close, and Chibuluma Mine on the Copperbelt is an ideal case-study. Chibuluma was one of the first Zambian mines privatised in 1997, and after more than 18 years of operation, it is nearing the end of its working life.

Zim''s ''Wenera'' miners invited for $400m compensation …

2019-1-30 · Windfall for ex-Wenela miners Jun 30, ... which stands for the Witwatersrand Native Labour Association — the recruiting body of the South African Chamber of Mines. The companies involved are ...

Mining & minerals

2021-9-26 · With South Africa''s economy built on gold and diamond mining, the sector is an important foreign exchange earner, with gold accounting for more than one-third of exports. In 2009, the country''s diamond industry was the fourth largest in the world. South Africa is also a major producer of coal, manganese and chrome.

18 March 2021 Media Release

2021-3-18 · "Royalties paid by mining companies (3 per cent) are way too low compared to other mining jurisdictions, such as South Africa, Canada, and Australia. Export levies charged by the Namibian government are way too low, at less than 2 per cent average for the 18 different mineral commodities it exports." – pg. 5 CoM response

Zambia : Windfall tax will choke industry

2011-10-10 · THE Chamber of Mines says calls to re-introduce windfall tax in the mining sector will not help Zambia''s economic growth but will instead strain operations of the mines.

REPORT ON THE PERFORMANCE OF THE MINING …

2016-11-19 · In terms of the major mining regions, South America continues to be the lowest-cost production destination for gold mining. In 2014, the average all-in cost of production in the region dropped ... Africa Europe South America North America Asia Oceania and other. 5 | P a g e ... member companies of the Chamber reported that 77.5 percent of their ...

Chamber rejects ANC windfall tax plan | Miningreview

2012-7-2 · [img:Chamber%20bu_0.jpg|Chamber of Mines - rejects ANC proposals to extract more revenue from mining]Johannesburg, South Africa --- 02 July 2012 - The South African Chamber of Mines has rejected proposals being considered by the ruling African National Congress to extract more revenue from the industry through a windfall tax and other levies. Bloomberg News …

Documentation challenges for ex-Wenela miners – …

2019-7-14 · Windfall for ex-Wenela miners Jun 30, ... which is responsible for recruiting employees for the chamber of mines of South Africa has most of the records pertaining to the former expatriate miners. ...

Chamber of Mines rejects ANC''s windfall-tax plan

2012-6-29 · June 29 (Bloomberg) — The South African Chamber of Mines rejected proposals being considered by the ruling African National Congress to extract more revenue from the industry through a windfall ...

SPECIAL REPORT: THE RISK OUTLOOK FOR AFRICAN …

2019-2-5 · The annual Mining Indaba conference in Cape Town, South Africa, takes place this year with fresh optimism after a four year slump. As interest in base metals begins to rebound and clean technologies boost demand for niche …

Namibia to hit miners with windfall tax

2011-5-17 · I am talking about windfall taxes to enable government to achieve this objective." He then asked the chamber to provide him with proposals for a tax system that would boost state revenue. Mike Leech, the chamber''s president and also the managing director of Rio Tinto''s Rossing mine, said he was surprised by the minister''s announcement.

News & Press

2015-3-31 · Zimbabwe rakes in $136.9m mining tax revenue windfall » ... The Chamber of Mines says that tens of thousands of jobs will be... Friday, 07 December 2012 (0 Comments - view/add) ANC to call for higher mining taxes » ... Reuters 14 May 2012 South Africa''s mines minister brushed off worries over a "resource rent tax" on profit proposed in...

SA mining industry landscape: Credit Suisse Metals and ...

2018-5-23 · Source: Chamber of Mines member estimates, bank analyst estimates Key points As at May 2015, on average 50% of the South African mining industry is loss making due to: • Weak commodity prices • Low to negative volume growth • High cost inflation The further weakening of the Rand, deferred capital and cost management is beginning to turn ...

SPECIAL REPORT: THE RISK OUTLOOK FOR AFRICAN …

2020-11-20 · exx africa - special report: the risk outlook for african mining For more information on this report or EXX Africa, contact [email protected] . For the terms and conditions of the EXX Africa Insight service, view here.