Copying and distributing are prohibited without permission of the publisher

Mining tax will happen one way or another – SA economic policy head

January 04, 2013 - 16:30 GMT Location: Johannesburg

KEYWORDS: Resource rental tax , super tax , South Africa , ANC , Manguang , Godongwana export tax

Mining companies in South Africa will have to come to terms with higher taxes, whether through higher royalties or through a new resource rental tax currently under discussion, a government representative said.

Enoch Godongwana – head of the government’s economic policy committee – made the claim on December 20 while briefing journalists in Manguang after the conclusion of the African National Congress’ (ANC) 53rd national elective conference. The conference was watched closely by the international investment and mining communities to gauge the...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Carbon Steel Long Products

May 24, 2013 13:55 N European rebar, wire rod prices fall $13-19 per tonne on lower scrap costs
May 24, 2013 13:50 Russian domestic rebar prices drop as competition builds
May 24, 2013 11:11 CHINA STEEL WRAP: Flats down, longs mixed
May 23, 2013 20:43 JSW Steel ready to combat cheap imports on prices
May 23, 2013 20:40 Renewed construction activity fails to raise N European sections prices

Carbon Steel Flat Products

May 24, 2013 11:11 CHINA STEEL WRAP: Flats down, longs mixed
May 24, 2013 07:37 China's HDG export prices down $15
May 24, 2013 06:57 JFE Shoji Trading only partially succeeding with price hikes
May 24, 2013 04:13 US sheet mills uncertain if sheet price hike will be accepted
May 23, 2013 20:43 JSW Steel ready to combat cheap imports on prices

Ores & Alloys

May 24, 2013 14:05 European FeW prices edge still closer to $50 per kg
May 24, 2013 10:05 Zimbabwe’s Chamber of Mines to reject state control of minerals
May 24, 2013 05:22 Ferbasa’s sales revenues fall 11.5% in April
May 23, 2013 15:05 Oman’s first ferro-chrome smelter to start trial run in June
May 23, 2013 11:20 PRICING NOTICE: Metal Bulletin's APT specification [UPDATED]

Minor & Precious Metals

May 24, 2013 12:00 Chinese cobalt buyers, miners gear up for DRC export tax; concern grows downstream
May 24, 2013 10:43 Customs checks hit cobalt scrap supply in China [UPDATE]
May 24, 2013 10:05 Zimbabwe’s Chamber of Mines to reject state control of minerals
May 24, 2013 06:46 China's bismuth exports up 31% in April
May 23, 2013 16:30 SFC launches investigation into suspended HKMEx

Iron Ore & Coking Coal

May 24, 2013 11:00 Spot 63.5% Fe iron ore prices flat week-on-week
May 23, 2013 17:40 Mechel’s Elga coal project too costly for new market realities, Sberbank says
May 23, 2013 12:00 IRON ORE DERIVATIVES WRAP: OTC values down on weak market data
May 23, 2013 11:25 Spot 63.5% Fe iron ore prices slide to $125-126 on weak PMI
May 23, 2013 09:52 MB DAILY PDF: No downloadable Daily PDF on Tuesday May 28

Raw Materials - Ores & Alloys

May 24, 2013 14:05 European FeW prices edge still closer to $50 per kg
May 23, 2013 15:05 Oman’s first ferro-chrome smelter to start trial run in June
May 23, 2013 11:20 PRICING NOTICE: Metal Bulletin's APT specification [UPDATED]
May 23, 2013 11:10 PRICING NOTICE: Metal Bulletin's ferro-titanium specification [UPDATED]
May 23, 2013 11:05 PRICING NOTICE: Metal Bulletin's ferro-vanadium specification [UPDATED]

Comment & analysis

LORD COPPER: What fee increases mean for the LME's future

Looking at the recently announced increase in clearing house fees for LME transactions, it is difficult not to have a degree of sympathy for both sides.
MB APEX Q1 2013 BASE METALS: Investors jump ship to equities – Meir

Investors have been jumping ship from base metals in recent months, almost universally in favour of equities, according to Edward Meir, an analyst at INTL FCStone.
COMMENT: Fee increase sours the end of LME’s time with LCH.Clearnet

Separation and anger go hand-in-hand – just ask the dazed and confused suing their former partners for every penny in the divorce courts of London. Or ask brokers on the London Metal Exchange and LCH.Clearnet, which last Wednesday announced a tripling of fees for clearer members of the LME, and gave them a bare two weeks to prepare for it.

Previous Next

Upcoming Events

Iron Ore and Steel Trading and Risk Management Training Course Asia
Date: 29 May 13 - 31 May 13
8th Asian Stainless Steel Conference
Date: 04 Jun 13 - 05 Jun 13
19th International Iron Ore Symposium
Date: 09 Jun 13 - 11 Jun 13

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Mining tax will happen one way or another – SA economic policy head

Subscribe

Free trial

Already have an account?