SA African Miners Could Be Eligible for Additional R&D Tax Deductions

Mining Weekly reported that benefication has taken a big step forward in South Africa with the introduction of R&D tax incentives for mining companies, which could mean an extra 50 percent income tax deduction on eligible R&D expenditures.

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.