Mineral and Petroleum Resources Royalty Act, 2008 (Act No. 28 of 2008)

4. Royalty formulae
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(1)The percentage mentioned in section 3(1) is—

0.5 + [earnings before interest and taxes/(gross sales in respect of refined mineral resources x 12.5)] x 100.

 

(2)The percentage mentioned in section 3(2) is—

0.5 + [earnings before interest and taxes/(gross sales in respect of unrefined mineral resources x 9)] x 100.

 

(3)
(a)The percentage determined in terms of subsection (1) must not exceed 5 per cent.
(b)The percentage determined in terms of subsection (2) must not exceed 7 per cent.