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Threats to the South African minerals

Mining taxes in South Africa (at R16 billion in 2010) account for about 16% of total company taxes while mining's contribution to GDP is less than 10% (Figure 5) This suggests that mining companies already pay higher taxes than companies operating in other sectors of the economy Get price

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Kaunda announces nationalisation of Copper mines

Mar 16 2011The nationalisation of Zambian copper mines was in line with an overall economic policy of nationalisation based on socialist principles This policy gave the Zambian government the powers to use revenues collected from these mines to substantially reduce prices of basic food products Get price

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Is South Africa's State Mining Company the start of

Is South Africa's State Mining Company the start of Nationalization of the Mines? No it is a genuine attempt at building a mixed economy that will benefit local communities No but many top ANC members will make a lot of money off this with little benefit to others Get price

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List of mines in South Africa

This list of mines in South Africa is subsidiary to the list of mines article and lists working defunct and future mines in the country and is organised by the primary mineral output For practical purposes stone marble and other quarries may be included in this list Get price

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Minerals and Mining Policy of South Africa Green Paper

South Africa (along with the USA) is out of step with other major mining countries where public ownership of mineral rights has led to successful exploration and mining industries Private ownership of mineral rights suppresses exploration activity as well as the opportunity for alternative views to be taken of the economics of mining an Get price

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My Stand Against The Nationalization Of Mines And For The

Jul 22 2011The President's failure I said would be the failure of South Africa As a patriot I must therefore hope for the President's success It is discouraging then to hear the President speak from both sides of his mouth when it comes to the nationalization of mines Get price

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Why nationalisation won't work

Sep 28 2012Fast forward to nationalization and Daniel and Sashan writes "But the key to the piece that Daniel has written is that once nationalised mines chase away all the skills required to build the mines effectively 'Mining is a high risk capital intensive industry that requires access to large numbersGet price

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AfricaBib

In June 2012 at its policy conference the African National Congress (ANC) rejected nationalization of the country's ailing mining industry The ANC proposed an alternative plan comprised of the imposition of higher taxes and penalties on mining houses local beneficiation of minerals and a greater role for the State in new mining ventures Get price

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Corporate income taxes mining royalties and other mining

PwC Corporate income taxes mining royalties and other mining taxes—2012 update 5 Indonesia has tax incentives for specifi c mining activities such as basic iron and steel manufacturing gold and silver processing certain brass aluminium zinc and nickel processing activities and quarrying of certain metal and non-metal ores Get price

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Well

Dec 02 2002The country's inflexible labor laws are a major concern for potential investors and the recent nationalization of South Africa's mineral rights makes long-term returns on investment even more uncertain The expansion of the mining companies overseas needs to be seen in the light of that increasing uncertainty Get price

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Disadvantages Of Nationalized Mining Industry In South Africa

Debate on Nationalising the Mines in South Africa Feb 6 2010 A storm erupted in policy circles in South Africa after Julius Malema the leader of the the need for the mining industry in South Africa to be nationalized but also point out the limitations of mine nationalization in isolation Read moreGet price

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South Africa

The incidence of mesothelioma in South Africa ranks among the highest in the world The hefty mesothelioma count stems from the country's extensive history of asbestos mining and production over more than a century South Africa reports approximately 200 cases of mesothelioma Get price

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South Africa's Leftist EFF To 'Nationalize All Mines

South Africa's Leftist EFF To 'Nationalize All Mines Mineral Wealth' If Elected Manifesto President of South Africa's radical left-wing party the Economic Freedom Fighters (EFF) Julius Malema gestures during the launch of the party's election manifesto in Soshanguve Get price

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NATIONALISATION IN The Reasons to Nationalise SOUTH

necessarily target the entire mining sector but cherry pick on some basis to acquire the lucrative operations Governments have gone as far as to nationalise geographical areas and all who operate within it The equivalent in South Africa would be the nationalising of certain geological terrains or Get price

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Nationalizing South African mines an enonomic assessment

Nationalization of firms in a developing county is therefore a topic of critical importance as it affects a central part of the process of economic development Formally nationalization is the compulsory acquisition by the state of previously private firms In constitutional states such as South Africa there are legal guidelines thatGet price

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disadvantages of nationalization of mines in south africa

disadvantages of nationalisation of mines in africa disadvantages of nationalisation in south africa disadvantages of nationalisation in south advantages and disadvantages of nationalization advantages and disadvantages of nationalization mining sector South Africa will not nationalise its mines says minister Susan Anglo is the largest private Get price

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South Africa's Mining Industry

We take a look at a few highlights/low lights of South Africa's mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba Stats SA released data on the performance of the mining industry in 2019 The level of production was 1 3% lower in 2019 than 2018 which in turn was 2 1% lower than 2017 Get price

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Brief history of gold mining in South Africa

Chamber of Mines (now Minerals Council South Africa) founded 1890 South Africa began to slow down in the 1880s as the new deposits being found tended to be pyritic ore and gold could not be extracted from this compound with any of the then available technologies Get price

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To Nationalize or Not? The Pros and Cons of South Africa

Nov 19 2009Nationalizing the mines could significantly decrease foreign investment in South Africa's mining industry as investors would see their investments at risk with government ownership of the industry These investments allow the mining industry to provide jobs and growth in the industry and wealth to South Africa which is necessary to foster the expansion of its other industries Get price

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Nationalization Does Not Help The People

Oct 01 2011The Chamber of Mines of South Africa of which Motsepe is an executive member has not said much beyond "seeking clarity" from the ruling party and after being told that nationalization was not policy that the ANC would do research into the desirability and modalities of nationalization Get price

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South Africa's mining industry mired in disarray

May 26 2011For more than a century South Africa was the world's top producer of gold -- the undisputed champion of the global gold industry Much of the country was built on gold mines including its biggest city Johannesburg But in 2007 for the first time it lost its leading position And this year South Africans areGet price

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Mining industry of South Africa

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later Get price

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Industry expert warning Nationalizing South Africa mining

Oct 07 2010The nationalization of South Africa mining would scare off investors at a time when foreign investment is needed most to help create jobs say industry experts A conveyor belt and buildings of the Cullinan Diamond Mine in Cullinan South Africa are seen in this 2007 file photo Get price

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Mining

There are 20 chromite mines in North West Province The mines are located along a reef running form Brits to Rustenburg and they are serviced by several ferrochrome smelters South Africa produces about 70% of the world's chrome with most of that originating in North West Province Get price

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Gigaba dismisses advisor's nationalisation call

Apr 19 2017PRETORIA – South Africa's finance minister dismissed calls from one of his own advisors for the nationalisation of banks and mines on Wednesday and acknowledged that investors had been unsettled by turmoil surrounding his ministry Malusi Gigaba appointed in Get price

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Department of Mineral Resources

South Africa is open for business and the country has vast mineral resources and government is committed to support investors and grow junior miners to be at a level of big mining companies The partnership between the two department brought over 50 Junior miners in response to the launch of the Junior Miners Program in 2017 Get price

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Fernando Coz Lniz

One of the main objectives of this government's economic program was the nationalization and the so-called "estatizacion" of the mining industry In July 1971 the Chilean congress unanimously approved the nationalization of the copper industry through a reform to the Constitution (law 17 450) Get price

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Nationalisation of Mines in South Africa

Feb 16 2012In nationalising the mining sector in South Africa the State government believes it would have the capabilities of attracting labour-intensive mining industrialists who will process mineral resources and diversify the South African economy Get price

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South Africa 'will not nationalise mines'

South Africa 'will not nationalise mines' South Africa will not nationalise its mines Mineral Resources Minister Susan Shabangu said at the Investing in African Mining Indaba in Cape Town on Tuesday welcoming the report of an African National Congress (ANC) task team that reaffirmed that nationalisation was "not a viable policy" for the country Get price

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Mining in South Africa Key Facts

Mining in South Africa - Key Facts Mining is South Africa's third largest business sector after agriculture and manufacturing contributing almost 10% to the country's GDP South Africa is the world's largest primary producer of platinum with a share of 75% of the global supply Get price

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