September 01,
As of August 31, 2010, Russia’s Federal Tariff Service has reduced the tariffs for railway transportation of Iron ore for export by 24%, thus stimulating the growth of Russian Iron ore exports.
The 24% discount is applied to export transportation of Iron ore from a number of Russian railway stations such as Zabaikalsk and Naushki which transport Iron ore from Russia to China and Mongolia.
The new tariff of Ruble 1,500 (about $49) per MT will be effective up to December 31, 2010.
Accordingly, the decision to reduce the tariff for transportations of Iron ore exports is due to the growth of Iron ore prices in the world market, as well as to the increase of sea transportation of this raw material.
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