Indonesia Considers 25% Tax on Tin

Reuters reported Indonesia has outlined a plan for a 25% export tax on tin and other base metals within the next year.

As quoted in the market news:

If imposed the tax would add to a raft of regulations announced this year that have caused confusion in Indonesia’s mining sector and worried foreign investors. It would hit the profits of both national and foreign-owned companies and could also raise costs for importers.

…

Late last year, the world’s top thermal coal and refined tin exporter outlined plans to introduce export taxes on metals and minerals, aiming to encourage downstream investment in the mining sector

Click here to read the full Reuters report.