Samarco’s pellet expansion to benefit from targeted import tax cuts in Brazil

Dec 14, 2011 | 10:40 AM |

Brazilian miner Samarco’s output expansion project will benefit from a tax cut implemented by the country’s government on the imports of some capital, computer and telecommunications equipment. Equipment with “restricted specifications” will have their import taxes reduced to 2% until December 31 next year, down from 14% in the case of capital goods and 16%....

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