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Mineral and Petroleum Resources Royalty Act, 2008 (No. 28 of 2008).

Country/Territory
South Africa
Document type
Legislation
Date
2008
Source
FAO, FAOLEX
Original source
Government Gazette, No. 31635 of 24 November 2008, pp. 1-13.
Long title
An Act to impose a royalty on the transfer of mineral resources and to provide for matters connected therewith.
Subject
Mineral resources
Keyword
Mining Concession Royalties/fees Contract/agreement
Geographical area
Africa, South Atlantic, Southern Africa
Entry into force notes
This Act comes into operation on 1 May 2009.
Abstract

This Act prescribes that a person who wins or recovers a mineral resource from within the Republic must pay a royalty for the benefit of the National Revenue Fund in respect of the transfer of that mineral resource, i.e.: (a) the disposal of a mineral resource: (b) the export of a mineral resource; or (c) the consumption, theft, destruction or loss of a mineral resource.

Full text
English
Website
www.polity.org.za