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Brazil considering iron ore export tax?

Mineweb | April 2, 2011 | 3:43 pm Latin America Iron Ore

Brazil’s government is considering creating an iron ore export tax meant to spur investment in local steel production, a leading Brazilian newspaper reported on Friday.

Advisors to President Dilma Rousseff have asked the finance ministry to study a measure that would tax iron ore exports and exempt steel exports, the newspaper O Estado de S.Paulo reported on Friday, citing a source in the presidential palace.