Indonesia mulls progressive royalty tariff for tin
2022-06-22 15:12:19 [Print]
Indonesia plans to raise the level of a royalty tariff imposed on the production of tin and bring in a progressive structure tied to international prices, a senior government official said on Tuesday.
The plan was intended to increase government revenues from tin mining, according to Ridwan Djamaluddin, director general of mineral and coal at the country's energy ministry.
The current royalty tariff for tin is set at 3% and imposed on production but based on the sale price. Ridwan said the government wanted to charge higher tariffs when prices were rising.
The plan was intended to increase government revenues from tin mining, according to Ridwan Djamaluddin, director general of mineral and coal at the country's energy ministry.
The current royalty tariff for tin is set at 3% and imposed on production but based on the sale price. Ridwan said the government wanted to charge higher tariffs when prices were rising.
Tin Conc. 60%min Delivered China
Unit:RMB/mtm
China tin concentrate producers' sales volume statistics by province by month
Unit: mt
