The
no doubt, increase the tax on the global commodity prices have an impact. By the current ore supply and demand, it will lead to rising global commodity prices, the mine is looking for increased costs by raising the export price be passed on, and ultimately consumers pay for it.
347
684
The
Australia is China's largest iron ore supply world pie network information . Distance than in Brazil have an advantage in the past few years, China's iron ore imports from Australia continues to increase, so the new tax reform will increase the cost of ore imports of Chinese steel enterprises.
7.41
India and the Government of Australia
eyes fixed on the iron ore tax or increase the cost of China's iron ore imports.
Second, the recent steel mills to invest in overseas coal assets
6.14
23.1
70
25.5
8.37
2009 years in the fourth quarter
the
Nippon Steel Corporation
16
679
crude steel production (million tonnes)
Pohang Iron and Steel Company
7.94
15122
Net income (millions of dollars)
year change (%)
the
ArcelorMittal
1.58
steel shipments (million tonnes)
686
2010 a quarter
sales (millions of dollars)
1.27
operating profit (one trillion won)
-1063 - 289 The increase in India is only lump ore export tax, expected to be significant impact on China because of China's iron ore imports from India are mostly iron ore fines and lump ore accounted for only about 12%. Future iron ore fines export tax can then raised cause for concern, the Indian steel ministry has been seeking unified collection on the export of a variety of iron ore export tax of 20%. Government of India at the end of the lump ore export taxes from 5% to 10%, and iron ore fines to levy a 5 percent export tax. In any case, raised the export tax will not only lead ore price rise will also affect India's exports of iron ore, lump ore exports this year will drop by about 5% lump ore exports fell 28 percent in the past four years. Australia not only have a large impact on BHP Billiton and Rio Tinto and other large mining enterprises, local small and medium-sized mining companies are also affected to some degree. Under this program, from July 1, 2012, 40% of BHP Billiton and Rio Tinto iron ore exporter, mining profits will be used to pay taxes. BHP Billiton Australian mining enterprises operating profit, which means that the average tax rise from 43% to 57%, so this was a strong opposition from the mining enterprises. They believe that this affects not only the foreign mining investment in Australia, will also weaken the competitiveness of Australian mining enterprises in the international market. Following India's Essar Steel acquired after the acquisition of Trinity Coal Company's first overseas coal mines in India, India's third largest steel company, Jindal southwest of Iron and Steel Company (of JSW) plans to invest 500 billion acquisition of overseas coal mines to ensure that the failure to capacity expansion required for coking coal. The company is seeking the acquisition of coal mines in countries such as Australia and South Africa. In the past five years, due to increasing demand from China, coking coal and iron ore prices continued to rise. At present, JSW to invest in Chile, iron ore project is expected in 2011 from South America about 300 million tons of iron ore supply. The company hopes that at least 45% iron ore self-sufficiency rate. a quarter net profit (one trillion won) 1.43 year change (%) 22.5 68.1 -1483 - sales (one trillion won) 8.22 21.5 23.3 18652 crude steel production (million tonnes) 7.28 15.2 4.67 51.9 7.47 a quarter operating profit (in millions of U.S. dollars) 2 009 in the fourth quarter crude steel production (million tonnes) , India, Australia and aimed at the export tax on ore import costs will increase 1070 capacity utilization (%) 20 34.4 ArcelorMittal investment in new coal mines in Russia, the goal is this year's coking coal self-sufficiency rate from 15% to 25%. The company is considering shares half the Ukraine Donetskstal Iron and Steel Group to set up a joint venture company, to jointly develop the 俄罗斯克麦 Law Yuk region (Kemerovo) Karagaylinskaya coal. In 2006, Donetskstal Karagaylinskaya coal mining rights and put into operation in 2009. But affected by financial crisis, put into the program extended to 2010, current debt situation Donetskstal company has been unable to afford the mine alone total $ 150 million capital investment. It is estimated that the mine with an annual capacity of up to 1.5 million tons. Arcelor Mittal in the Kemerovo region has three coal Berezovskaya mine Pervomayskaya mine Anzherskoye mine,. The end of January 2008, ArcelorMittal from 俄罗斯谢韦尔 steel company in the hands of $ 720 million purchase of the three mines last year, the cumulative production of 1.9 million tons of coking coal in 2010, production increased by 21 percent to 2.3 million tons. This year, ArcelorMittal plans to the Kemerovo region's coal production and investment reached 1.829 billion rubles ($ 62 million), almost six times the total investment in 2009. In addition, steel prices in China worries there, after the implementation of the new tax reform in Australia, other resources in countries such as Brazil, South Africa, Iran, whether to follow suit? Brazilian mining and energy minister EdisonLobao had previously revealed that Brazil is considering a tax on iron ore exports, to encourage enterprises to invest in the expansion of domestic steel production. If these resources are the country's future to consider the imposition of export taxes, the hardest hit Chinese steel enterprises. 0.37 33.9 8.1 POSCO also plans the acquisition of a 7.8% stake in Mozambique coal project Revuboe to further improve the raw material self-sufficiency rate. POSCO has a 12.3% stake in Murchison, Queensland PCI coal supplier Macarthur company shareholders. 18642 6.95 year change (%) 6.47 2010 a quarter 72 2010 a quarter a quarter 0.32 sales of one million tons three operating conditions of the world's three major steel mills in the first quarter of this year 2009 years in the fourth quarter Some analysts forecast the next two years the international coking coal prices will rise by double. Seizing the initiative in the international competition in the coking coal and iron ore and other raw materials, the major steel mills are actively seeking overseas coal investment. 7.85 45 JFE plans to $ 555 million investment in Australian coal mines. Japan's JFE Steel Corporation has made the company's largest investment decisions of a coal industry, announced that the coal will Australia Queensland Byerwen, to invest 50 billion yen ($ 555 million). The investment includes the acquisition of plant, production equipment and mine 20% of the shares. In addition, JFE signed with QCoal on a long-term supply agreement, Byerwen ore per year to the JFE supply 200 million tonnes of hard coking coal. Byerwen coal mine is expected to be put into operation in 2012, it can produce 10 million tons of coal. - Government of India claimed to increase the lump ore export tax from 10% to 15% by the end of April, only a few days separated from the Australian Government will launch a tax rate of up to 40% of the "resource rental tax. " Financial crisis, with increasing demand for raw materialsWorld Steel Pipe , commodity prices a sharp rise in significant profit growth of the mining enterprises, mineral resources, the government is eyeing the export tax. The Australian government said over the past decade, the Australian mining profits soared to $ 80 billion over the same period the government mining tax revenues by $ 9 billion. Allegedly, in the first year of implementation of the new tax reform, the Australian government will add $ 2.8 billion in taxes. India state-owned mining company (NMDC,) and the private mining enterprises SesaGoa last year's operating margin is 88% and 52% respectively. 1.44 5.95
The new tax reform in the
the
The the
The
the
the
The