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Yunan Tin Expects Costs to Rise on New China Tin Ore Tax
Feb. 22, 2012 03:45PM PST
Tin InvestingReuters reported Yunnan Tin Co Ltd (SHE:000960,HKG:0263) said it expects costs to rise about $7.9 million after China raised its tin ore taxes.
Reuters reported Yunnan Tin Co Ltd (SHE:000960,HKG:0263) said it expects costs to rise about $7.9 million after China raised its tin ore taxes.
As quoted in the market news:
China increased mining taxes on iron ore, tin and a range of minerals in a bid to conserve resources from Feb. 1, a move aimed at regulating the industry by hiking costs for smaller producers.
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