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Bloomberg reported Brazil plans to boost taxes on iron ore as part of a plan to overhaul mining regulations.
Bloomberg reported Brazil plans to boost taxes on iron ore as part of a plan to overhaul mining regulations.
As quoted in the market news,
The government is studying a plan to double the royalty on iron ore to 4 percent of gross revenue from 2 percent of net sales now, Claudio Scliar, the ministry’s secretary for geology and mining, said today in an interview.