Impact of the South African mineral resource royalty on cut-off grades for narrow tabular Witwatersrand gold deposits

摘要

Taxation of mining companies has become a very topical subject in the context of the postapartheidSouth African economy. There have been increasing calls for equitable redistributionof mineral asset wealth for the benefit of all South African citizens and not justan elite few. As part of the Mineral and Petroleum Resources Development Act (MRDPA)of 2002, the Mineral and Petroleum Resources Royalty Act of 2008 was introduced andcame into effect in 2010. A mineral royalty is payment to the holder of mineral rights forthe utilization of the mineral resource. In the case where the holder of the mineral right isthe State, then this payment is made to the State. This is the case in South Africa since theintroduction of the MRDPA, as this Act transferred all mineral rights to the State.