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11 Nov
12:34

Evraz assesses 2022 mineral tax expenses at $250-300m

Russian steelmaker Evraz has assessed the effect of the implementation of the mineral extraction tax (MET) in 2022 at $250-300 million, according to company vice president Nikolay Ivanov. In September, the government approved an excise tax on steel, as well as an increase in the MET on iron ore, coking coal and fertilisers form 1 January 2022. They are designed to replace the existing, temporary 15% or $115/tonne – whichever is higher – expor…
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