Apr 24

costs incurred by mines in south africa

Cost control and margin protection in the South African mining and .inflation in South Africa is showing signs of slowing down, mining inflation. (mining PPI) was 7% at 30 June 2013. per annum average rise in diesel cost, due to higher international oil price. 15.7% per annum increase in reinforcing steel price. 15.3% per annum rise in average remuneration paid per worker. 12%. 26% per.costs incurred by mines in south africa,economics of mining - Chamber of Mines South AfricaKEY COST DRIVERS IN MINING - AVERAGE ANNUAL RATE OF INCREASE IN COSTS 2013-2016. Source: Stats SA (2017). The mining sector's profitability is dependent on the selling prices of its commodities, mostly in international markets over which it has no control, and input costs incurred in the production of its.

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costs incurred by mines in south africa,An algorithm to construct industry cost curves used in . - SAIMMThe Journal of The Southern African Institute of Mining and Metallurgy. VOLUME 113 . the South African mining industry from August 2012 crippled production in 2012 and will have an impact of escalating costs post this study. The work reported in this paper is part .. incurred in procuring new technology to reduce cash.costs incurred by mines in south africa,Section 54s cost SA mines R4.8bn in 2015, and 2016 may be worse .Aug 19, 2016 . “This excludes the cost of mine workers that have to be paid while the mine sits idle, or the other costs incurred, or the cost of restarting shafts,” it added. The average revenue loss per stoppage per operation is about R13m. Staggering? Certainly. Nonsensical? Not entirely. South Africa's Department of.

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21 Comment on costs incurred by mines in south africa

Mine 2016 - PwC

Dec 31, 2015 . Lower. Lower demand for bulk commodities, combined with a bleak global outlook and a production hangover, sent commodity prices down. All mining .. 27. 8. Agnico-Eagle Mines Ltd. Canada. T. 31-Dec. 28. 37. Randgold Resources Limited. UK. T. 31-Dec. 29. 34. AngloGold Ashanti Ltd. South Africa/.

Changes to mining rules in South Africa | KPMG | GLOBAL

Jun 28, 2017 . . and trusts; Security transfer taxes; Tax deductibility of costs incurred in order to restructure existing shareholdings to meet the new black person shareholding requirements; Tax deductibility of social and labor plan (SLP) costs. Read a June 2017 blog item posted by the KPMG member firm in South Africa.

Cost Models of Theoretical Mining Operations | CostMine

Surface/underground mine cost models - a variety of sizes/types: theoretical mining operations, flotation milling, carbon-in-pulp, heap leach & placer models. . They include all labor, material, supply and equipment operation costs incurred at the mine site, including supervision, administration and on-site management.

economics of mining - Chamber of Mines South Africa

KEY COST DRIVERS IN MINING - AVERAGE ANNUAL RATE OF INCREASE IN COSTS 2013-2016. Source: Stats SA (2017). The mining sector's profitability is dependent on the selling prices of its commodities, mostly in international markets over which it has no control, and input costs incurred in the production of its.

South African mining is in crisis - Deep trouble - The Economist

Jul 8, 2017 . South Africa's mining industry is shrinking. At its peak in 1980, mining accounted for a fifth of the country's GDP; the number now stands at 7.3%. High costs, low commodity prices, labour strife and falling productivity have all taken their toll. Mines have shed 70,000 jobs over the past five years. More cuts are.

Follow the margins – gold mining costs still falling, not in SA

Sep 9, 2015 . Latest analysis by specialist precious metals analysts, Metals Focus, shows that gold mining companies almost universally have been continuing to make inroads into continuing to cut mine operating costs, albeit helped by falls against the US dollar of many local currencies in which most costs are incurred,.

Allan Gray | SA mining and the sunk cost fallacy

Sep 30, 2015 . Ian Liddle discusses why the challenges in South African mining provide an interesting case study of the 'sunk cost fallacy', a behavioural bias that sees us honouring sunk costs that are . Our lecturer explained the concept of a 'sunk cost': a cost which has already been incurred and cannot be recovered.

costs incurred by mines in south africa,

South African mining is in crisis - Deep trouble - The Economist

Jul 8, 2017 . South Africa's mining industry is shrinking. At its peak in 1980, mining accounted for a fifth of the country's GDP; the number now stands at 7.3%. High costs, low commodity prices, labour strife and falling productivity have all taken their toll. Mines have shed 70,000 jobs over the past five years. More cuts are.

Cliffe Dekker Hofmeyr - A win for the mining industry: The High .

Oct 27, 2017 . In the recently decided matter of United Manganese of Kalahari (Proprietary) Limited v Commissioner for the South African Revenue Service (74158/2016) . UMK bears the obligation to incur all costs necessary to effect delivery of the manganese from the mine to its customers, if so required in terms of the.

Changes to mining rules in South Africa | KPMG | GLOBAL

Jun 28, 2017 . . and trusts; Security transfer taxes; Tax deductibility of costs incurred in order to restructure existing shareholdings to meet the new black person shareholding requirements; Tax deductibility of social and labor plan (SLP) costs. Read a June 2017 blog item posted by the KPMG member firm in South Africa.

The Economics of Illegal Mining | NGO Pulse

Jul 29, 2014 . Safely rehabilitating South Africa's abandoned mines to prevent access would cost approximately US$2.7 billion. . is not amenable to accurate statistics, but estimates indicate that about 14 000 people are involved in illegal mining activities in South Africa: 6 000 underground and 8 000 at surface level.

an analysis of the tax implications of prospecting expenditure .

expenditure incurred may be treated very differently. 4.2 Mining and mining operations. The definitions of 'mining' and 'mining operations' in terms of section 1 of the Income Tax Act. require a mineral to be won from the soil or from any substance or constituent thereof (Republic. of South Africa, 1962). The Income Tax Act.

TRADE AND TRANSPORT COSTS: THE ROLE OF DRY . - CiteSeerX

Transport costs in South Africa are a relevant issue due to its geographical position. South Africa is situated far from its .. The development of the South African gold mining industry. 28. 2.3.3. The development of the ... means that exporters located further from a seaport incur higher costs. Earlier studies have shown that.

Logistics opportunity costs: A mining case study | van Jaarsveld .

PO Box 524, Auckland Park 2006, South Africa. Dates: Received: 24 Aug. 2013. Accepted: 27 Sept. 2013. Published: 12 Nov. 2013. How to cite this article: Van Jaarsveld, L., Heyns, G.J & Kilbourn, P.J. 2013, 'Logistics opportunity costs: A mining case study', Journal of Transport and Supply Chain Management 7(1), Art.

case study South Africa - Both ENDS

This case study focuses on the costs of the environmental and social effects of coal mining in South Africa, undertaken for export to the Netherlands. Coal mining imposes many external costs on its surroundings and the people who live in it. Some of these ... and remedies are, and therefore these costs are borne by them.

TRADE AND TRANSPORT COSTS: THE ROLE OF DRY . - CiteSeerX

Transport costs in South Africa are a relevant issue due to its geographical position. South Africa is situated far from its .. The development of the South African gold mining industry. 28. 2.3.3. The development of the ... means that exporters located further from a seaport incur higher costs. Earlier studies have shown that.

costs incurred by mines in south africa,

Mining industry resistant to mine closure and rehabilitation

May 27, 2016 . Some of the challenges revealed by the international comparison included the different cost models, which produced widely different estimates of . She commented that South Africa did not have a good model for deciding where not to mine, which caused major problems for closure in places where the.

Suing over Section 54: Is this a solution? - Moneyweb

Feb 1, 2017 . The Chamber of Mines calculates the costs incurred across the industry by these stoppages at a whopping R13.6 billion between 2012 and 2015. . Indeed, PricewaterhouseCoopers' (PWC) survey of the country's mining industry, SA Mine, found that South Africa' mining industry had suffered a loss of.

Logistics opportunity costs: A mining case study | van Jaarsveld .

PO Box 524, Auckland Park 2006, South Africa. Dates: Received: 24 Aug. 2013. Accepted: 27 Sept. 2013. Published: 12 Nov. 2013. How to cite this article: Van Jaarsveld, L., Heyns, G.J & Kilbourn, P.J. 2013, 'Logistics opportunity costs: A mining case study', Journal of Transport and Supply Chain Management 7(1), Art.

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