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Royalties: 4.5% for iron ore; 3% for gold and base metals; 5% for diamonds
Corporate tax: 25% tax on profit (after deducting royalties, rent and surtax).
Import taxes and customs duties: Between 2.5% and 25%.
Production tax: Not specified
Export tax: Not specified
Other taxes: Surface rent on contract area: $5 per acre for first ten years, $10 per acre for second ten years and subsequent years. Hedging transactions by mining companies are taxed separately.
To read more about resource nationalism visit
Metal Bulletin's website.