OREANDA-NEWS. February 27, 2012. The Ministry of Finance and the State Administration of Taxation have issued a circular raising resource taxes on iron, tin, molybdenum, magnesium, talc and boron.

The tax rate for iron ore will be raised from 60 percent to 80 percent.

The rate for tin ore will be lifted by 20 times and that for molybdenum by four yuan a ton.