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The move, set out in a notification issued late on Friday, reverses the imposition in May of a 50% tax on exports of iron-ore lumps and fines with less than 58% iron content. The government also ...
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Exports of iron ore lumps and fines < 58% Fe will attract nil export duty. Exports of iron ore lumps and fines > 58% Fe will attract lower export duty of 30%. Exports of iron ore pellets will attract nil export duty. Exports of pig iron and steel products classified under HS 7201, 7208, 7209,7210,7213, 7214, 7219, 7222 & 7227 will …
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Presently, Kenya's Metal sector (iron & steel) forms approximately 13 per cent of the manufacturing sector, with an overwhelming majority of the sector's products used in the construction ...
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Severe disruptions to global markets caused by Russia's war on Ukraine have exposed vulnerabilities to the security of the supply of raw materials critical for industrial production and for the green transition. These supply chain vulnerabilities are the result of export restrictions, bilateral dependencies, a lack of transparency and persistent market …
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Uganda has commissioned a $200-million iron ore smelting plant that could significantly reduce the region's heavy dependence on scrap metal, billets and coils for raw material. ... The launch came amid plans by Uganda to follow Kenya in banning the sale or trade in scrap metal to tame wanton vandalism of infrastructure such as high voltage ...
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The export of nickel ore was first outlawed as early as January 2014, and while some ore with concentration below 1.7% could legally be exported between January 2017 and December 2019, any export of nickel ore has been banned as of January 2020. The aim of this policy is to strengthen domestic processing facilities, bring back the added …
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Value added by mining and quarrying to the GDP in Kenya 2018-2022. Mining and quarrying added 120.3 billion Kenyan shillings (KSh), approximately 826 million U.S. dollars, to Kenya's Gross ...
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Iron ore exports grew to $74.4m in the first five months of this year, almost equalling the figure for all of 2016. Fish and seafood imports totalled $46.7m in June, up from $13.6m in May.
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2 days agoKampala, Uganda | THE INDEPENDENT | The Minister of State for Energy Peter Lokeris has restated that the government's ban on unrefined minerals, which was imposed in February 2015 by President Yoweri Kaguta Museveni, will not be lifted. Minister Lokeris explained that Museveni imposed a moratorium on the export of unprocessed …
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May 10, 2021 – 2.20pm. Extraordinary prices and China's insatiable demand have combined to make iron ore Australia's new glamour export. And Tuesday night's federal budget will reveal the ...
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India's 2022/23 iron ore exports to hit five-year low. India is likely to export about 20 million tonnes of iron ore in 2022/23, down from 26.3 million last year, the officials said, with China still the biggest buyer by far. In May 2022, the government imposed a 50% export tax on low-grade iron ore lumps and fines - with iron content below 58% ...
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In January the Indonesian Government, along with the raw mineral ore export ban, surprised the industry by introducing a progressive export tax on mineral concentrate of copper, iron, zinc and manganese …
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An iron-ore trading company at the centre of a crippling two-month tax row with the Kenya Revenue Authority (KRA) has resumed operations after extraction of the mineral at Kishushe, Taita Taveta...
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The resource-rich country had planned to ban exports of all metal ore to encourage investment in the domestic processing industry. But exports of copper, iron ore, lead, zinc and anode mud from ...
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China has announced the removal of VAT rebates on exports of 146 steel products from May 1, a move the market had been widely anticipating since February. S&P Global Commodity Insights. S&P Global; ... Spot prices of seaborne 62% Fe iron ore fines reached $193.85/dmt CFR China on April 27, according to the benchmark IODEX …
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Iron and steel exports from Kenya amounted to a value of roughly 5.2 billion Kenyan shillings (KSh) in the third quarter of 2021. ... Export share of iron ore worldwide 2022, by leading country ...
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exports by increasing or decreasing them. Prohibited and Restricted Exports The Third Schedule of the EA Customs Management Act describes the Prohibited and Restricted …
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The zigzags on Indonesia's raw ore export ban continue. This month, as D-Day approached for the ban to be fully implemented, the Indonesian government again made a last minute compromise, the effect of which is to potentially suspend the full ban until 2022.
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Cortec said the current combined mineral exports from Kenya are valued at $90 million, and Kwale's production will boost the minerals sector contribution to $240 million, making minerals the fourth most important export commodity, above coffee. ALSO READ: Cortec invests $90m to mine niobium in Kenya. Additional Reporting by David …
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The Fourth Schedule of the Customs and Excise Act specifies the goods upon which export duties are charged and the rates applicable. In Kenya, export duties are charged on raw hides and skins, and scrap metal. The Minister of Finance, by notice in the Kenya Gazette, may amend the rates of duty for exports by increasing or decreasing them.
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As the Union steel ministry, in an affidavit to the Supreme Court, supported lifting the ban on iron ore exports from the state, the apex court on Monday asked the Karnataka government to clarify ...
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The Ministry of Mines and Ministry of Steel have supported the lifting of the ban on export of iron ore from three districts of Karnataka citing the SC-appointed Central empowered committee (CEC ...
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But another industry executive called the export ban idea "bunkum", as its effect on iron ore prices, India's standing in the World Trade Organisation and the loss of jobs and tax revenues ...
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The President of the Republic of Uganda banned the exportation of unprocessed iron ore in 2011. The ban was aimed at developing the iron and steel industry in the country by facilitating the promotion of value addition on raw iron ore, enabling job creation, infrastructure development, technological growth and advancement and …
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India's iron ore exports during the first five months of the current fiscal year that began in April totalled 6.97 million tonnes, a three-year low, data compiled by FIMI showed.
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highest ratio of 116 and it has 80% silica and 0.69% alumina with the least iron ore content of 18% Fe 2 O 3. IV. CONCLUSION Iron ores in Kenya are of lower grade and the have to be upgraded for them to be suitable for blast furnace. Marimante iron ore is of ilmenite type because of the titanium oxide. The Samia
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Iron ore exported monthly is 7,500 metric tons from Kishushe mines in Taita area [8]. 1.3. Steel Industry in Kenya In Kenya the direct and indirect consumptions of steel was projected to be 0.567 – 0.614 million tons in the year 1985 and 1.860 – 2.356 million tons in the year 2000 – 2015 (currently).
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Section 3 (1) of SI 05 provides that no unbeneficiated base mineral ores shall be exported from Zimbabwe except under the written permit issued by the minister. …
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By Caroline Kanshabe The Minister of State for Energy Peter Lokeris has restated that the government's ban on unrefined minerals, which was imposed in …
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