9135
Parliament Firm on Mine Royalties
Economy, Business And Markets

Parliament Firm on Mine Royalties

The parliament believes all mines across the country, and not only the big ones, should pay royalties, Eghtesadnews quoted member of board at the parliamentary commission for industries and mines Mohammad Bayatian as saying on Friday. He said by doing so, the revenues planned in next year’s budget for mining royalties will fully materialize. The next year’s budget law requires all mining companies whose exploitation licenses have been granted to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to deposit 30% of their sales to the treasury. The parliament and mining companies are still haggling over the percentage of the royalty payments. The parliament is currently investigating the royalty debts of the country’s biggest iron ore mines Chadormalu and Golegohar. Only less than 25% of their 1.3-trillion-rial debt has been cleared so far.

Short URL : http://goo.gl/uG4oqR

You can also read ...

WTO Accession No More a Priority for Iran
Joining World Trade Organization is no longer a priority for...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
IKCO Launches Taxi Made in China
Iran Khodro has unveiled the DongFeng S30 as part of a push to...
Iran’s per capita egg consumption stands at 198.
Hit hard by the H5N8 bird flu virus last year, the Iranian...

Trending

Googleplus