Philippines’ proposed tax on nickel ore exports could ‘kill’ industry – group head
The proposed tax on mineral ore exports is part of the overall plan to establish a new fiscal regime for the industry to boost government revenue.
China’s Baoshan Iron & Steel Co Ltd expects to receive regulatory approval for its coastal Zhanjiang project this year, Chairman He Wenbo said on Tuesday, despite government resolve to extend a fight against overcapacity.
“We will try to obtain approval this year, and are starting to build a raw materials dock,” He, also president of parent Baosteel Group, told reporters on the sidelines of a company event.