CCEA Approved 10% Ad Valorem Royalty Iron Ore

Aug. 13, 2009 03:51AM PST

Iron ore miners will have to pay 10 per cent of the market price of the mineral as royalty to the government as against the current practice of a fixed rate, with the Cabinet Committee on Economic Affairs approving the proposal.

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Iron ore miners will have to pay 10 per cent of the market price of the mineral as royalty to the government as against the current practice of a fixed rate, with the Cabinet Committee on Economic Affairs approving the proposal.

For full story, click here

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