Tag: India iron ore Export duty
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Indian Mines Ministry Suggests Reduction in High Grade Iron Ore Export Duty
India’s mines ministry wrote to the finance ministry on 19 Feb’16 proposing cutting the export duty on high-grade iron ore to 10% from 30%, Mines Secretary Mr. Balvinder Kumar , as shipments tank amid a crash in prices. He further added that iron ore export has fallen drastically and there are stocks of 126 MnT…