South Africa Trying to Move Mining Companies Towards Benefication with Big R&D Tax Breaks

Mining Weekly reported that the South African government is taking steps to move miners towards benefication with the introduction of hefty additional R&D tax incentives for mining companies.

As quoted in the market report:

Ten commodities were identified and divided into five value chains for government’s beneficiation strategy, which are energy commodities, including coal, uranium and thorium; iron and steel, which includes iron-ore, chromium and manganese, and pigment; titanium production, including titanium and vanadium, and autocatalytic converters; diesel particulate filters that include platinum; and jewellery fabrication, including diamonds, gold and platinum.

To view the whole Mining Weekly report, click here.