Copying and distributing are prohibited without permission of the publisher

India miners fear re-imposition of export tax on iron ore fines

July 02, 2009 - 19:20 GMT Location: Mumbai

KEYWORDS: India , Iron ore , Export tax , Royalty

Indian iron ore miners fear a 15% tax on export of iron ore fines may be imposed by the government when it announces its budget for the 2009-10 on July 6

“I think the government is contemplating imposing taxes on iron ore.” Federation of India Mineral Industries (Fimi) secretary general RK Sharma told MB. He said that Fimi has made a clear representation to the finance ministry stating such a tax would render Indian iron ore as the highest-taxed in the world at a time when iron ore markets around the world are on a downturn. The Indian steel ministry...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Iron Ore & Coking Coal

Feb 9, 2012 17:57 MINING INDABA 2012: Afferro to finalise feasibility study on Cameroon iron ore deposit for 2014 start-up
Feb 9, 2012 17:16 SWAPS REPORT: OTC iron ore volumes increase as prices fluctuate
Feb 9, 2012 16:09 MINING INDABA 2012: Ferrox mulls steel mill after Tivani mine commissions in 2013
Feb 9, 2012 15:23 MINING INDABA 2012 WRAP: Quest to invest or be invested in
Feb 9, 2012 14:58 MINING INDABA 2012: Protesters claim DRC delegation at conference is 'illegal'

Comment & analysis

LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.
COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.