ring fencing in mining

Minerals and Mining Policy of South Africa: Green Paper | South ,, Apart from gold mining, there are many other minerals being produced, for some of , The Income Tax Act applies a ring-fence to the taxable income of a mine,.Ringfencing, Ringfencing or Ring-fencing occurs when a portion of a company's assets or profits are financially separated without necessarily being operated as a separate.Ring fencing financial definition of ring fencing, The practice of a company creating a legal entity separate from itself in order to protect certain assets For example, ring fencing may protect assets from taxation,.Govt ring fences Kariba mineral deposits | The Herald, 9 May 2016 , Government has moved in to conduct large-scale mining in Kariba following the recent discovery of gold and platinum group mineral reserv.

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Mining Tax, 13 Dec 2013 , In addition to normal company taxes, mining operations are required to , and ring-fencing mining expenditure to specific projects, except for.Ringwood fencing sinkhole area caused by old mines, 5 Jan 2017 , Ringwood surrounds sinkhole with fence , Ringwood's mine pits are filled with debris and soil on top of rocks, said Mayor John SpeerMining Tax Recommendations, Therefore, the retention of the gold formula necessitates the retention of the Capex ring fences for existing gold min This recommendation does not extend to.Oil and gas: Ring Fence Corporation Tax, 18 Nov 2011 , The modified Corporation Tax rules for companies in the UK oil and gas industry including calculating the charge and payment deadlin.

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Sabinet | Ring, 1 Feb 2015 , In the last two years, certain multinational mining companies have announced their intention to ring-fence their South African assets by.Santander UK Revises Ring, 22 Dec 2016 , LONDON (Alliance News) - Santander UK Group Holdings PLC on Thursday outlined a revised approach to upcoming ring-fencing.Note 9, The components of mining and income taxation are the following: , Under South African mining tax ring-fencing legislation, each tax entity is treated separately.Mining and Petroleum Operations As Per The Finance Act, 19 Jul 2016 , Tanzania Introduces New Taxing Rules On The Mining and , Section 65O (1) (a)-(c) of the Act provides for ring fencing of losses from..

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February 2015, In the last two years, certain multinational mining companies have announced their intention to ring-fence their South African assets by unbundling them into.Capacity building in Zimbabwe's mining sector | Adam Smith ,, Providing mining taxation training to staff in Zimbabwe's Revenue Authority , issues including windfall taxes, thin capitalisation, ring-fencing mineral rights,.Harmony | NOTES TO THE GROUP FINANCIAL STATEMENTS, In terms of the mining ring-fencing application, each ring-fenced mine is treated separately and deductions can normally only be utilised against mining income.Barclays to overhaul back office operations to cope with ring, 5 Feb 2017 , The ring-fencing rules seek to avoid a repeat of the 2008 crisis, when banks' bad bets threatened depositors' cash While Barclays was not..

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Mining Tax Regime Summary of Investment ,, Tax holidays, None Deduct exploration/development costs, Yes, in first year Ring fencing, Yes (oil and gas) Forward carry of losses, Yes, indefinitelySouth Africa: Mining Companies Seeking Certainty On Tax Issues In ,, 6 Jun 2013 , In recent times, direct contribution of mining to the gross domestic , Such ring-fencing applies on a "per mine" basis as well as between.Oil, Gas, and Mining Fiscal Terms | Natural Resource Governance ,, 1 Jan 2010 , Fiscal terms in the oil, gas, or mining industries must be structured , Governments can overcome this situation through ring-fencing, the.Mines escape the Davis tax axe | City Press, 16 Aug 2015 , All South African mines are also subject to a special ring-fencing regime where the tax concessions earned at one mine cannot be used to..

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