The Conversation (0)
Zacks.com reported the list of stocks featured in the Analyst Blog including Vale S.A (NYSE:VALE).
Zacks.com reported the list of stocks featured in the Analyst Blog including Vale S.A (NYSE:VALE).
The press release is quoted as saying,
Indonesia, a major importer of iron ore for Vale S.A (NYSE:VALE), has announced its intention to impose a tax or quota on mineral ore exports, ahead of a planned regulation to ban all exports of raw minerals by 2014.
As per the industry ministry of Indonesia, the tax imposition will work as a transition before the export ban, which seems to be a major move to ensure protection for the country’s nickel firms, INCO and Antam, and copper miners Freeport McMoRan Copper & Gold and Newmont Corp.