Indian iron ore miners halt exports on weak prices, higher taxes

摘要

Iron ore exports from India have halted as aglobal price slump and an increase in royalty feesmade shipments unviable for miners battlinghigh taxes levied on overseas sales. “The thirdbiggestiron-ore exporting nation until threeyears ago didn’t sell “a single gram” overseas inOctober and November,” R.K. Sharma, secretarygeneral at mining lobby group Federation ofIndian Mineral Industries, said in an interview,without giving specifi c data. “Miners havesought the scrapping of a 30% export tax leviedin 2011 to be able to resume sales,” he said.