chinese government tax cuts for iron ore miners

chinese government tax cuts for iron ore miners

  • About those Chinese iron ore miners cutting output

    Aug 08, 20140183;32;About those Chinese iron ore miners cutting output But a sustained period below $80 a tonne may be what it takes to see substantial cuts in China Australia's government

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  • China's iron ore resource tax cut to reduce costs by $4/mt

    China's iron ore resource tax cut to reduce costs by $4/mt at most miners. Singapore The Chinese government's efforts to reduce domestic iron ore miners' production costs, with up to a Yuan 24/mt ($4/mt) cut in the resource tax from May 1, though welcome are not enough to make domestic production competitive against much cheaper overseas supplies, according to producers.

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  • China plays hardball on iron ore but the iron ore miners

    Aug 10, 20090183;32;Needless to say, the Chinese demands for huge price cuts and the detention of employees of foreign iron ore miners have brought negotiations to a standstill. That has pushed some Chinese iron and steelmakers into the spot market and pushed prices there up to $110 a metric ton.

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  • Copper, aluminium prices higher after China's tax cut for

    Copper, aluminium prices higher after China's tax cut for manufacturers Iron ore imports slow down in last 2 months; prices may go up by 7 10% Commodity outlook by Tradebulls Securities Buy lead, sell nickel Demand for higher steel grades to fuel imports in 2019 CARE Ratings

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  • Rising iron ore prices pointing to Chinese stimulus

    Iron ore prices rising in recent months. That has been great news for mining stocks including Andrew Twiggy Forrests Fortescue Metals (ASX FMG) which has rallied from $3.55 in October last year to as high as $4.75 this month. Pollution controls being relaxed. It is a little unusual for lower grade iron ores to lead the rally but some industry observers believe this is because there has

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  • Big miners to benefit from 'fundamental shift' in China's

    Australia's biggest iron ore miners are set to benefit from a quot;fundamental shiftquot; in China's demand for higher grade iron ore, which has sent spot prices rocketing and could keep them high for

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  • Iron ore defies falling global commodity prices Nikkei

    Iron ore defies falling global commodity prices. the government ordered steel companies to cut production in an effort to clean up the air in 28 northern cities. China's imports of iron

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  • Miners big and small bank on China's hunger for high grade

    Dec 20, 20170183;32;Miners big and small bank on China's hunger for high grade iron ore. Carpentaria Resources ( CAP.AX) needs A$25 A$30 million ($19 $23 million) for a feasibility study on the companys high grade Hawsons mine in South Australia, and managing

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  • Can Chinas Iron Ore Imports in 2018 Keep Pace with Last

    Chinas imports. In yet another sign of the weakening demand for iron ore, Chinas iron ore imports fell 15.7% sequentially in February 2018 and were flat year over year (or YoY). One of the reasons for lower demand could be the Lunar New Year break. January and February data combined showed that

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  • China's iron ore futures rise as Vale cuts sales estimate

    Mar 29, 20190183;32;Chinese iron ore futures rose on Friday, with the benchmark contract on track to post its fourth consecutive monthly gain, after miner Vale SA slashed its 2019 sales estimate for the steelmaking

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  • Iron ore set for price crash in second half, warns RBC

    Iron ore is set for a second half price crash to below US50 a tonne as Chinese steel demand slows, wiping up to US5 billion 6.75bn from the profits of the nations three biggest miners in coming

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  • China's iron ore tax cut puts heat on Australian miners

    Just days after the Western Australian Government started giving royalty relief to junior miners like BC Iron, China's State Council announced that Chinese iron ore miners would receive a 6 yuan ($1.27) tax cut on each tonne of iron ore produced. Rio shares last traded at $54.66 and the stock is plumbing its lowest depths since January.

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  • Mining Stocks Watch for Bargains as Metals Slide Barron's

    At a recent conference in China, a top industry official said he saw the average price for iron ore falling back down to an average of $65 a ton for the rest of 2017. Its currently at about $90.

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  • Tesla Raises Prices in China as Tariffs BiteWill Others

    Auto growth and iron ore. This slowdown, in turn, could be detrimental to the interests of iron ore miners such as Vale SA and BHP . Next article. 18. Jul. ABT Stock Trading at a Record High on Stellar Q2 2018 Results the Chinese government's tax cuts could spur spending on its advertising services by businesses seeking to boost sales

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  • China mulls subsidy for iron ore producers The Australian

    China mulls subsidy for iron ore producers had already introduced a resource tax exemption for iron ore producers but it was yet to lift profits. The Chinese government has been subsiding loss

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  • China iron ore miners take another swing at taxes

    Feb 07, 20130183;32;China iron ore miners take another swing at taxes. Assuming 10 to 15 percentage points were cut from the current 25% rate levied on miners, production costs would fall 70 yuan to 100 yuan per ton. However, a senior industry analyst said the cost of domestic iron ore would still be higher than $80 per ton.

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  • China's steel prices rise on restocking; coking coal jumps

    * Chinas 2018 iron ore imports fall by 1 percent customs The accident killed 21 miners, the deadliest reported so far this year in Chinas coal industry, known for its poor safety

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  • Australian shares fall as iron ore miners drag; NZ gains

    April 17 (Reuters) Australian shares retreated on Wednesday, led by heavy losses among mining stocks, as the worlds top iron ore miner Vale SA prepared to

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  • Iron ore 2016 midyear outlook Bloomberg Professional

    Major iron ore miners plan to increase output again in 2016, even with Chinese demand expected to decline for the second year in a row. The China Iron amp; Steel Association forecasts iron ore imports will fall to 920 million metric tons, from 953 million in 2015 and 933 million in 2014.

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  • Chinese plans on implementing profit based tax system on

    Nov 25, 20140183;32;Now this is a real irony, the Australian based iron ore miners have already cut back their taxes to the government claiming that the tax amount would affect their expansion, and now the main rivals of the Australian miners, the Chinese rivals are being promoted by the countrys government to encourage the supply glut by producing more iron

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  • China halves iron ore tax to help local miners afr

    The State Council, China's cabinet, said on Wednesday its iron ore miners would receive a tax cut equivalent to 6 yuan ($1.27) a tonne. The change comes into effect on May 1.

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  • Global iron ore production set for modest growth

    Feb 14, 20190183;32;China's iron ore imports will slow over the coming years in line with slowing steel production. India India's iron ore output growth will be supported by the removal of export taxes in the Union Budget for low grade ores and the country's Mines amp; Minerals (Development amp; Regulation) (MMDR) Act, which will streamline licensing and reopen closed mines.

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  • Chinas Mining Industry Open Opportunity for Investors INN

    China is the second largest economy in the world, and its new open door policy on mining is an investment opportunity for foreign companies.

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  • Foreign investors wary of iron ore trading in China

    Foreign investors wary of iron ore trading in China. However, he said the Chinese government might instruct steel mills to use more domestic iron ore and cut consumption of imports to set a benchmark for Asia, pushing the mills to the Dalian futures market to hedge risks.

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  • More income tax cuts on the cards as budget, economy

    Mar 18, 20190183;32;A stronger budget and higher than projected economic growth fuelled by soaring iron ore prices could pave the way for further tax cuts ahead of the next federal election, says a

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  • Steel producers back down on price cuts for iron ore

    news; Steel producers back down on price cuts for iron ore. AUSTRALIA'S iron ore miners appear set for a win in their long running battle with China's huge state owned steel producers.

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  • Australian miners Fortescue and Hancock battle for Atlas Iron

    Jul 17, 20180183;32;Weaker iron ore prices and cuts in steel production pushed by the Chinese government have undermined Atlas' business. China is its main customer. Atlas Iron's ores are

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  • Iron ore's darkish clouds create silver lining for Pilbara

    2 days ago0183;32;A casual observer might have thought the past couple of weeks havent been good for our iron ore miners. Theyd be wrong. The sector has been hit by a spate of adverse events, most notably the

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  • What Do Chinas Steel Demand Indicators Signal for Iron

    Mar 07, 20180183;32;The Chinese governments efforts to rein in real estate speculation seem to be paying off. According to the latest data, housing prices in December

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  • China cuts tax to protect its iron ore industry

    In more bad news for Australias junior miners, the Chinese government has moved to help prop up its high cost iron ore producers by reducing tax. Chinas State Council said it

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  • Iron ore a roller coaster ride Capital

    Nov 13, 20170183;32;Chinas economy and the policies of its government understandably have a big impact on iron ore prices. When the Chinese economy is in acceleration mode, iron ore prices generally pick up. At the same time, the actions of the miners also have an important bearing; shutting mines when prices and demand are lower can mean prices rise all the

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  • Steel producers back down on price cuts for iron ore

    news; Steel producers back down on price cuts for iron ore. AUSTRALIA'S iron ore miners appear set for a win in their long running battle with China's huge state owned steel producers.

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  • China's cloud has silver lining for Australia's big miners

    The chief executive of one of Australias biggest mining exporters to China sees an upside for Australia in the sober report on Chinas slowing economy delivered this week by Chinese Premier

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  • Australia tells Beijing to stay out of iron ore talks

    Mar 15, 20100183;32;China's steelmakers should not try draw their government into iron ore price talks with Australian miners, Australia's trade minister said on Monday, as

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  • BHP Premium Iron Ore Miners Set to Gain From China

    BHP Premium Iron Ore Miners Set to Gain From China Reforms. China is handing producers of higher quality iron ore and coking coal an advantage over competitors with reforms to its steel industry. Thats according to BHP (ASX BHP ,NYSEBHP,LSEBLT), the worlds largest miner and a major iron ore producer. In an interview with Bloomberg,

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  • Chinas Real Estate Indicators and Iron Ore Market Realist

    Its important for iron ore investors to track Chinas real estate growth, as this sector accounts for the majority of steel consumption in China. Therefore, investors in iron ore companies such as BHP Billiton ( BHP ) (BBL), Vale ( VALE ), Rio Tinto ( RIO ), and Cliffs Natural Resources ( CLF ) should keep an eye on developments in Chinas property sector.

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  • Beijing buckles in iron ore price battle news.au

    AUSTRALIA'S iron ore miners have won their long running battle with China's government owned steel producers after the China Iron amp; Steel Association backed down from its tough position on price cuts.

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  • Chinese plans on implementing profit based tax system on

    Nov 25, 20140183;32;Now this is a real irony, the Australian based iron ore miners have already cut back their taxes to the government claiming that the tax amount would affect their expansion, and now the main rivals of the Australian miners, the Chinese rivals are being promoted by the countrys government to encourage the supply glut by producing more iron ore in less tax amount, which will result in further decline of the iron ore

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