The Ministry of Energy and Mineral Resources has revised regulations on royalties and non-tax state revenues in the mineral and coal sectors, aiming to increase the mining industry's contribution to state finances. The royalty rate for nickel ore will be raised from 10% to 14%-19%; nickel processing products such as nickel matte, ferronickel, and nickel pig iron will also see gradual rate increases based on price rises, with hikes ranging from 0% to 250%. Many minerals including coal, tin, gold, silver, and copper have planned royalty rate adjustments, such as coal having different rate adjustments depending on conditions; the royalty rates for copper ore, copper concentrate, and cathode copper will all increase significantly, ranging from 100% to 250%; gold royalty rates will be adjusted from 3.75%-10% to 7%-16%; silver from 3.25% to 5%; platinum from 2% to 3.75%; and tin metal from 3% to 3%-10%. The government revised the relevant policies to increase the mining industry's contribution to state revenue, with adjustments covering various minerals through royalty rate changes.
The Ministry of Energy and Mineral Resources has revised regulations on royalties and non-tax state revenues in the mineral and coal sectors, aiming to increase the mining industry's contribution to state finances. The royalty rate for nickel ore will be raised from 10% to 14%-19%; nickel processing products such as nickel matte, ferronickel, and nickel pig iron will also see gradual rate increases based on price rises, with hikes ranging from 0% to 250%. Many minerals including coal, tin, gold, silver, and copper have planned royalty rate adjustments, such as coal having different rate adjustments depending on conditions; the royalty rates for copper ore, copper concentrate, and cathode copper will all increase significantly, ranging from 100% to 250%; gold royalty rates will be adjusted from 3.75%-10% to 7%-16%; silver from 3.25% to 5%; platinum from 2% to 3.75%; and tin metal from 3% to 3%-10%. The government revised the relevant policies to increase the mining industry's contribution to state revenue, with adjustments covering various minerals through royalty rate changes.