18181
Gov’t Urged to Quit Setting Mineral Prices
Economy, Business And Markets

Gov’t Urged to Quit Setting Mineral Prices

The government will soon decrease the rate of mining royalties imposed on iron ore mines, Tasnim News Agency quoted Minister of Industry, Mine, and Trade, Mohammad-Reza Nematzadeh as saying on Sunday. Mine royalties became the subject of a heated debate among industrialists in the mining sector as the parliament passed a law last year which required mines to pay up to 25% of the value of their extractions as mining usufruct fees. Certain incentives were granted to iron ore mines however, as they will be given discounts if they manage to process iron ore into raw materials for steel including iron ore concentrate, iron ore pellet and sponge iron.

 

Short URL : http://goo.gl/ibF6E7

You can also read ...

BMW, Mercedes Boxed in  by Tariff Battles
US President Donald Trump’s escalating trade spat threatens to...
China Auto Firms to Set Up Ride-Sharing Platform
Chinese firms FAW Group, Dongfeng Automobile and Chongqing...
Windfall Taxation on Gold Coin, Forex Trading
Government is to levy taxes on gold coin and foreign currency...
Iran Could Join Russia’s Regional Payment Network
Russia is looking to establish a regional payment network in...
Challenges Ahead for Banking System
The chief executive of Bank Refah said limited overseas...
Non-Oil Exports From Shahid Rajaee Port Grow 3.8%
Non-oil exports from the southern Shahid Rajaee Port during...
Yogurt Exports Top 29K Tons
Iran exported close to 29,483 tons of yogurt worth $29.14...
IMIDRO Concludes Largest Aerial Geophysical Survey
Iran’s largest mining holding has concluded the last stage of...

Trending

Googleplus