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

4. Royalty formulae

Purchase

(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.