The error prone Mines Minister Simuusa made a rather elementary mistake here when he suggested that the fiscal regime could revised. Now he appears not to understand the windfall tax - as demonstrated by his statement below from the sidelines of the Mining Indaba :
"For the whole of this year windfall tax will not come up unless prices go up to the region of $10,000 per tonne...The projections are that it will hit $10,000 and at that time we may sit around the table. If the prices hit those ranges it is only logical that we talk"
Do you really have to be a genius to know that the windfall tax appropriately designed should automatically adjust? So waiting to implement one when the prices are high is rather misguided to say the least.