Indonesia Stops Talks To Raise Taxes on Tin

Reuters reported Indonesia has stopped talks regarding taxes on tin and other base metals though it still expects to change later in the year.

As quoted in the market news:

Late last year, Southeast Asia’s largest economy outlined plans to introduce export taxes on metals and minerals, aiming to encourage investment in the mining sector.

But after a series of new mining regulations announced this year, including a ban on exports of some unprocessed metals from 2014, an agreement between ministries may be some way off.

Click here to read the full Reuters report.