Home Brazil's fixed iron ore royalties rate affects competitiveness, threatens high-cost mines, Vale says The higher fixed-rate royalty on Brazilian iron ore will affect Vale’s competitiveness - especially at a time of depressed prices - and will compromise the maintenance and operation of high-cost mines, the mining major said on Thursday November 23. On Wednesday, the Brazilian Congress approved a bill to raise royalties on iron ore to 3.50% from a previous maximum of 2%. The bill was subsequently sent to Brazilian president Michel Temer for approval. But under a decree published by the federal government in July, Brazilian royalties - called CFEM... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok To view this content, please take a free trial or subscribe to our service. Already registered? Log in Subscribe to the latest news: Personalized live and breaking news alerts Access live news and market information Access our market news archive back to 1997 Buy now Take a FREE 7 day trial: Access the past month's market insights Coverage from our experts embedded in the markets Try our global metal company database Take a trial Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Ana Paula Camargo November 23, 2017 19:57 GMT São Paulo Keywords Brazil iron ore royalty Vale Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
