February 2015 - Without Prejudice | Latest Issue

Ring-fencing South Africa's mining assets Mining Law February 2015 multinational mining companies have announced their intention to ring-fence their South

1327. Ring-fencing of assessed losses - SAICA

SARS has introduced legislation, section 20A of the Income Tax Act No. 58 of 1962 (the Act) with effect from the 2005 tax year which ring-fences assessed

Indonesia, Mining Law and Policy Evolution - EI SourceBook

Indonesia's resource potential is ranked above Zimbabwe, South Africa, Bolivia, .. The new law does not allow for “ring-fencing” which the mining community

Zimbabwe: Gold, Platinum Fields Sealed - allAfrica.com

Under the Mines and Minerals Act, government can reserve certain areas excavating sand and had swiftly moved in to ring fence the area.

Getting a Good Deal: Ring-fencing in Ghana - Natural Resource

By introducing ring-fencing rules, governments must be aware of the need Africa limits deductible expenditure of a mine to the taxable income of that specific.

Effects of Indigenisation notice 9 of 2016 - The Zimbabwean

Note that section 3 (1) of the Act spoke of 51% indigenisation only of the issued .. and Economic Empowerment Fund, the Zimbabwe Mining Development . Not only does the indigenisation legislation not ring-fence all

UK banking reform: ring-fencing – next steps? - Legal and regulatory

Since the Banking Reform Act was given Royal Assent on 18 December 2013, the Government has focused on the policy detail of the ring-fencing reforms,

Taxation in South Africa 2015/2016 - Sars

section 5 of that Act. It should, therefore, not be used as a legal .. 2.5.7 Mining. .. 2.14 Ring-fencing of assessed losses of certain trades .

Mining and Petroleum Taxation (Diagnostic Assessment) - IMF

The Principles of Optimal Taxation of the Extractive Industries (Mining and Petroleum) ..9 . Annex I. Major Mineral Production Operations in Africa in 2010 by Country .. Draft law. December 2015. Objective 4. Mining and petroleum taxation .. The ring-fencing principle can also help to combat the tax fraud associated with.

South African mining tax in the 1990s*

This paper reviews the current mining taxes in South Africa, Ring-fencing is expected to be reduced further and the rules for capital.

Performance of the Mining Industry 2015 - The Ghana Chamber Of

two largest producers, South Africa and Ghana, receded steeply by 9 percent to 150 .. addition to the general provisions on ring fencing in the Act, there are

Zim Min Policy - Ministry of Mines and Mining Development

A Zimbabwean Minerals Policy, to guide strategies, legislation and decision making, is all this regard the advisability of ring-fencing of RRT revenues will be

July 2011 Monetary Policy Statement - the Reserve Bank of Zimbabwe

IN TERMS OF THE RESERVE BANK OF ZIMBABWE ACT following the prioritization and subsequent ring-fencing of miners for targeted.


Therefore, ring fencing if mineral revenues and costs from other sources of the Income Tax Act (ITA) No 33 of 1973 there was a mine by mine ring fencing; in that, . Van Blerck (1992:15-2) noted that in South Africa there are no provisions for

Mining and tax in South Africa: Costs and benefits

principal mining legislation, the Mineral and Petroleum Resources. Development Act . The ITA has a ring-fencing arrangement, whereby capital expenditure in.

GC15/5: Ring-fencing: Guidance on the FCA's approach to the

(FSMA) that establish a ring-fencing regime for the UK's largest banks from 1 January 2019. 1 The ring-fencing legislation provides that all deposits held with

Harmonization of Mining Policies, Standards, Legislative and

SADC and Southern Africa are used interchangeably in this . Harmonisation of Mining Policies, Standards, Legislative and Ring fencing.

'Govt should prioritise investment reforms' | The Herald

Zimbabwe football family plunged into mourning private sector and prioritising rural development through ring fencing resources to “Such initiatives include leveraging the Mining Sector through channelling resources into exploration, concluding the Diamond Act and other mining legislation, pursuing a

Govt losing millions in Kariba - The Zimbabwe Independent

Government in 2014 banned alluvial mining in river beds, banks, wetlands of 2014, Environmental Management (Control of Alluvial Mining) regulations. is factually untrue — and had swiftly moved in to ring fence the area.

Minerals and Mining Policy of South Africa: Green Paper | South

South Africa's mining industry is supported by an extensive and diversified resource . The Income Tax Act applies a ring-fence to the taxable income of a mine,

United Kingdom | Banking reform | Norton Rose Fulbright

The Financial Services (Banking Reform) Act (the Banking Reform Act) was passed by Parliament in December, 2013. It requires the ring-fencing of certain retail

A review of Zimbabwe's draft minerals policy by ZELA - SlideShare

The Act is out of sync That Zimbabwe has vast economic potential based Ring fencing is very necessary when a mining company has ZMDC

2012-zasca-152.rtf - Saflii

THE SUPREME COURT OF APPEAL OF SOUTH AFRICA Summary: Income tax - deductions of mining capital expenditure under sub-sections .. both as it offended s 20(1)(b) and as the Act, by ring-fencing those mines, intended their

mines and minerals act 21 05 - Parliament of Zimbabwe

Chapter 21:05 MINES AND MINERALS ACT Acts 38/1961, 24/1962 (s. 2), 18/1963 (s. Miner to fence mining location adjacent to pasture land. 190. Trading on

2013-2015 - Zimbabwe - Country Brief - African Development Bank

Zimbabwe's Development Challenges and Opportunities . .. local manufacturing sector and value addition in the mining industry. .. Pillar II: The ADF deputies agreed to continue to ring-fence the resources set aside for arrears not fully consistent with the Bank's rules and procedures and do not comply with international.

Corporate income taxes, mining royalties and other mining - PwC

Africa, Tanzania, Ukraine, United Kingdom and the United States. states enacted laws to create state mining taxes which are being challenged in court. July 2010, Tanzania has a “ring fencing rule” in that losses incurred in one mine.

The Mines and Minerals Act, 2015.pdf - National Assembly of Zambia

General principles for mining and minerals development. PART II for mining rights. Single copies of this Act may be obtained from the Government Printer.

Government grabs platinum find, ousts owner – Mining Zimbabwe

Minister of Mines and Mining Development Walter Chidhakwa on May 8 and gold deposits and that it had swiftly moved in to ring fence the area. Government tightened the regulations in Statutory Instrument 92 of 2014,

State of Mining in Africa In the spotlight - Deloitte

intent or through seeking to ring-fence African assets into of Mining in Africa report and is a consolidated . Mineral policy, law and ownership across Africa.

the regulatory environment and its effect on coal mine development

Positioning South Africa in the world Sector contributions to mining minerals exports in SA (2014) to add extra costs on to coal mining – e.g. Environmental legislation) .. DTC proposes phasing out capital ring fencing.