Asia

Oyu Tolgoi Sets Quarterly Record • Ma’aden Mine and Refinery Reach Commercial Production • Feasibility Study Advances at BKM Copper Project
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Africa

Ivanhoe Looking at Multiple Options for Kamoa-Kakula • Zimplats Developing $264M Mupani Mine
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Latin America

Vale Starts the S11D Iron Ore Project • Nyrstar Sells Contonga Mine • Antofagasta Receives Go-ahead for Centinela Expansion
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Leading Developments

Mud coming from the rupture of dams in Samarco mining in Mariana, Minas Gerais, flowed into the waters of the Doce river in Governador Valadares, on November 11, 2015. Photo: GABRIELA BILO/ESTADAO...


Brazil's largest mining state, Minas Gerais, imposed a new tax of 2.18 reals ($1.17) per metric on iron ore and other mined ores. For iron ore, it amounts to about 1% of the current price for prompt delivery. It was the second tax levied on the mining industry by a regional government in December. Brazil's Para state, home to of Vale’s Carajas system, imposed a tax of 6.45 reals on iron ore. Legislators in Minas Gerais justified the tax, according to Latinominería, claiming that mining companies should contribute more to the cost of policing their operations.According to Reuters, Vale said the tax was illegal and said it was seeking to contest it.

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