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 You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started 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}}
