Tax and LegalMining Tax and Royalty Regimes
Mining is taxed differently from other industry because governments want a share of a depleting national resource, and the resulting regimes combine royalties, income tax, special allowances and sometimes state participation in one package. This course covers navigating them. Delegates work through royalty bases and their calculation, capital allowance and exploration expenditure regimes, and ring fencing between projects. Transfer pricing on mineral sales is covered, since marketing arrangements attract particular scrutiny. Stability agreements and their enforceability follow. Rehabilitation provisions and their deductibility are addressed. The course closes on modelling the effective tax rate of a project across its life.
Course objectives
- Calculate royalties on the bases used in African regimes
- Apply capital allowance and exploration expenditure rules
- Explain ring fencing and its effect on project economics
- Address transfer pricing on mineral sales and marketing arrangements
- Assess stability agreements and their practical enforceability
- Treat rehabilitation provisions correctly for tax
- Model the effective tax rate of a project across its life
Who should attend
- Tax and finance staff in mining companies
- Government revenue and mining ministry officials
- Project evaluation and corporate finance analysts
- Auditors and advisers to the mining sector
- Legal staff negotiating mining fiscal terms
Course outline
- 01Why mining is taxed differently
- 02Royalty bases and calculation
- 03Capital allowances and exploration expenditure
- 04Ring fencing between projects
- 05Transfer pricing on mineral sales
- 06Marketing arrangements and scrutiny
- 07Stability agreements and rehabilitation provisions
- 08Modelling effective tax rate across project life
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 28 to 30 October 2026 | Online | Online | R6,500 per delegate | Register Now |
| 18 to 20 November 2026 | Pretoria, South Africa | Classroom | R14,950 per delegate | Register Now |
| 1 to 3 February 2027 | Lusaka, Zambia | Classroom | USD 995 per delegate | Register Now |
| 10 to 12 February 2027 | Lagos, Nigeria | Classroom | USD 995 per delegate | Register Now |