South African mining stocks fall after royalty regime unveiled

SOUTH Africa has unveiled a new royalty regime pitched at rates of between 1% and 8% of gross sales.

South African mining stocks fall after royalty regime unveiled South African mining stocks fall after royalty regime unveiled South African mining stocks fall after royalty regime unveiled South African mining stocks fall after royalty regime unveiled South African mining stocks fall after royalty regime unveiled

Shares of most big miners fell on the news, largely because the system represents a new cost and because some of the rates are higher than expected.

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