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Ukraine's Iron Ore Hangs in the Balance
According to Ministry of Natural Resources statistics, the Kerch basin accounted for about 14% of Ukraine's iron ore reserves. According to the head of the Federation of Metallurgists of Ukraine (FMU) Sergei Belenky, the "rental fee" for iron ore was recently increased to $3.60/mt from $3.10/mt. [...]the tax (or royalty) to mine and produce iron ore jumped from about 2.5% to 15% of production costs.
Ukraine's Iron Ore Hangs in the Balance
According to Ministry of Natural Resources statistics, the Kerch basin accounted for about 14% of Ukraine's iron ore reserves. According to the head of the Federation of Metallurgists of Ukraine (FMU) Sergei Belenky, the "rental fee" for iron ore was recently increased to $3.60/mt from $3.10/mt. [...]the tax (or royalty) to mine and produce iron ore jumped from about 2.5% to 15% of production costs.
Ukraine's Iron Ore Hangs in the Balance
Vladislav Vorotnikov (author)
2015
Article (Journal)
English
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