Brazilian govt fixes new iron ore royalties rate at 3.5%

The Brazilian Congress approved on Wednesday November 22 a bill to raise royalties on iron ore to 3.5% from a previous maximum of 2%.

The bill was subsequently sent to Brazilian president Michel Temer for approval. Under a decree published by the federal government in July, Brazilian royalties on iron ore would be set at 2-4%, depending on global market prices. Metal Bulletin's 62%...

Published

Ana Paula Camargo

November 23, 2017

14:06 GMT

São Paulo