Minews - Iran to impose 10pct tax on iron ore exports

(Minews) - It is reported that Iran's Ministry of Industries and Mine has decided to impose a tax of 10% on iron ore exports from March 25th.

The tax on iron ore exports will be increased gradually up to 20% in the next 3 years instead of the previous saying 25%.

Iran has become one of the largest iron ore suppliers to China. Iran's iron ore exports to China soared by 33.6% to 20.72 million tons during the first 11 months of 2013.