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Reimagining mining in South Africa Mining Journal

Aug 24, 2020 · The dominant mining houses of the day funded their own exploration and, on the whole, risked their own money to fund hefty capital expenditure programmes for new mines and expansions.

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Rio results a slight beat MiningNews

Free cashflow dropped 28% to $2.8 billion, reflecting a 12% fall in operating cashflow to $5.6 billion due to lower commodity prices and a 13% rise in capital expenditure to $2.7 billion. Rio declared an interim dividend of $1.55 per share, or $2.5 billion, representing a payout ratio of 53% of underlying earnings.

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THE SUPREME COURT OF APPEAL OF SOUTH AFRICA

mining capital expenditure. They do not impinge upon the ambit of s 11(a) which allows the deduction of mining operating expenditure as an expense 'not of a capital nature' incurred in the production of income see Palabora Mining Company Ltd v Secretary for

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Through-cycle investment in mining McKinsey

Historically, mining valuations have been closely correlated with spot prices. This is true even compared with other capital-intensive industries. Mining market capitalizations are 93 percent correlated with commodity prices, compared with 84 percent in oil and gas, 64 percent in

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Surface mining Technology Wirtgen

Selective Mining. Surface miners selectively mine raw materials, achieving a high degree of purity and maximizing exploitation of the deposits. The selective process significantly reduces the amount of equipment, personnel, time, and overburden and the capital expenditure is also considerably lower.

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() A New Cost Model for Estimation of Open Pit Copper

Objects mining operations, mining and technical systems, opening-up system of opencast. Methods literature review, structural and functional analysis, system analysis. Results.

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OPEN CAST MINE PLANNING Mining and Blasting

2) Availability of funds/capital 3) Break even Stripping ratio/cost economic analysis 4) Production targets 5) Degree of mechanization 6) Environmental conditions & the township, land reclamation, etc 7) Availability of water, power, skilled labour, transport facilities, Steps in Opencast mining

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Deductions of mining capital expenditure under subsections

Dec 19, 2012 · The case ofArmgold/Harmony Freegold Joint Venture (Pty) Ltd v CSARS(703/2011) [2012] ZASCA 152 dealt with the deduction of certain mining capital expenditure under subsections 36(7F) and 36(7E) of the Income Tax Act 58 of 1962 ("the Act") as well as the basis of calculation to be adopted where a mine of a taxpayer operates at a loss.

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Mine report 2019

cash left to increase capital expenditure for the fi rst time in fi ve years. All while delivering signifi cant value to stakeholders like employees, governments and communities, as well as supplying the raw materials underpinning global economic growth. The benefi ts of mining have fl owed far and wide. Yet investors seemed unimpressed,

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Capital expenditure by top global miners at record low

Jun 07, 2017 · Capital expenditure by top global miners at record low report. (Reuters) Large global mining companies have cut back on investments

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Capital Expenditure In The Mining Industry To Drop By US$5

Dec 04, 2019 · Total capital expenditure in the mining industry across 15 different commodities will fall by US$5.4 billion in 2020, primarily driven by a drop in development capex for copper and gold projects. Year-over-year reductions from projects moving from the construction to production phase will outweigh increases coming through from early stages of

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() A New Cost Model for Estimation of Open Pit Copper

Objects mining operations, mining and technical systems, opening-up system of opencast. Methods literature review, structural and functional analysis, system analysis. Results.

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2297. Mining and prospecting SAICA

As mentioned above, a mining company is entitled to claim of its qualifying capital expenditure (capex) as a deduction against its taxable income, subject to two limitations or the so-called "outer" and "inner" ring-fencing provisions, i.e. such capex can only be claimed against "income derived from mining operations" or so

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Vale projects $120 million in 2020 capital expenditure

2  · Vale projects $120 million in 2020 capital expenditure by Norman Harsono (Jakarta Post August 27, 2020) August 27, 2020 in Asia Mining, International Media Resource Articles,

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Key Financial Ratios to Analyze the Mining Industry

May 08, 2020 · Mining requires extensive capital expenditures, both for exploration and the initial establishment of mining operations. However, once a mine is

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capital expenditure Mining News

Mining and energy group Vedanta Resources Plc Chief Executive Tom Albanese said he expected capital expenditure to rise to $1 billion this year, driven partly by the company's investment at its Gamsberg zinc mine.

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LUNMF Capital Expenditure Lundin Mining GuruFocus

Lundin Mining Capital Expenditure Calculation. Cash flow for capital expenditures refers to the funds spent for a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. Capital Expenditure for the trailing twelve months (TTM) ended in Mar. 2020 was178.717 (Jun. 2019 ) +164.95 (Sep. 2019 ) +139

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Operating Cost for Miners SRK Consulting

Aside from assessing and evaluating social-environmental concerns and designing the mining and material movement approach, the first question often asked is, "how much will it cost us to mine?" This may need to be determined even before you decide that there is a potential project. Mine cost estimation may be done at many levels.

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Payment for Acquiring Mining Rights is Capital Expenditure

Feb 25, 2018 · In the light of the judgment of the Honorable Supreme Court in the case of Aditya Minerals Pvt. Ltd. (239 ITR 817) the impugned payment made for acquiring mining rights is capital expenditure and cannot be allowed as revenue expenditure.The reliance placed by the ld.CIT(A) on the co ordinate bench decision of Tribunal in the case of P.Abubakar (supra) and the decision of the Hon'ble

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Data shows mining boom not over NewsComAu

Aug 30, 2012 · finance; Data shows mining boom not over. AUSTRALIA'S mining boom is not over yet, with capital expenditure figures showing there is a lot more investment to come.

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Capital & Operating Costs Panoramic Resources

Capital Costs Pre-production and ramp-up capital costs in the Updated FS (Base Case) are $36M. The ramp-up period is assumed to cover the first three months of production, during which time all operating costs and revenue would be capitalised. Life-of-mine capital expenditure, inclusive of pre-production costs, mining capital development and sustaining property, plant and equipment []

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MX Mining Capital Advisors Projects

The project entails the development of an opencast and underground coal mine and a modular coal to liquids processing plant that will produce diesel. Mining capital Equity, debt, offtake & contractor finance MX role Development of business case and raising of capital

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Mining Capital Leading source of Financial News

Run by investors for investors Proactive Investors is a Leading source of in-depth comment, analysis, financial news, press releases and share price data on small to large capitalised companies on the Australian Stock Exchange, Toronto Stock Exchange.

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Canadian Taxation of Mining Mining Tax Canada

Corporate capital taxes have largely been eliminated in Canada other than for financial institutions, and there is no stamp duty in Canada. (See Table 1.) II. Treatment of Mining Expenditures One of the most important elements of the Cana-dian taxation system's approach to mining is the treat-ment of expenditures. The tax treatment of these items

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Data shows mining boom not over NewsComAu

Aug 30, 2012 · finance; Data shows mining boom not over. AUSTRALIA'S mining boom is not over yet, with capital expenditure figures showing there is a lot more investment to come.

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Mining and quarrying net capital expenditure 2018

Jun 12, 2020 · Capital expenditure disposals in the mining and quarrying industry UK 2009-2018 Key economic figures of the private mining industry China 2012 Value added by

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Your 10-second guide to today's Australian CAPEX report

May 30, 2019 · Australia's Q1 private-sector capital expenditure (CAPEX) report will be released on Thursday, providing a snapshot of business investment in

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Corporate income taxes, mining royalties and other mining

PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 4 Exploration costs are often subject to special rules regarding tax treatment and such rules vary widely by country. Argentina Mining Investment Law is taxpayer favourable toward exploration expenditures because Argentina grants an

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Proposed considerations in respect of mining capital

The judgement handed down in the SCA case 'Benhaus Mining (Pty) Ltd v CIR', arguably changed the tax landscape for contract miners. The court found that a contract miner would be entitled to claim the deductions and benefits conferred by sections 15(a) and 36(7C) of the ITA in respect of mining capital expenditure to a mining contractor.

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Rio Tinto's capital expenditure jumps Kitco News

Jul 17, 2020 · The world's second-largest integrated miner, Rio Tinto, said today its capital expenditure jumped due to currency appreciation against the U.S. dollar. The company released its second quarter results today. Capital expenditure is expected to be around A$6 billion in 2020, as opposed to a range within A$5 to A$6 billion.

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