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We estimate that the proposed South African Resource Rent Tax (SARRT) would have a total negative impact of US$18.9 billion to coal and iron ore valuations under our base case. Iron ore is hardest hit with a US$11.1 billion (-49.5%) impact, compared to the US$7.8 billion (-33.5%) impact for coal. Compared to the Australian MRRT, this is almost twice the dollar impact and is almost ten times the percentage impact on Australian iron ore producers and 33 times the percentage for coal...
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South Africa: Proposed SARRT wipes 41% from iron ore and coal industries PDF - 437.71 KB 3 Pages, 2 Tables, 4 Figures
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This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.
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Insight | May 2013
South Africa: Proposed SARRT wipes 41% from iron ore and coal industries
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