India to hike iron ore royalty, miners may struggle to pass on extra …

SINGAPORE/NEW DELHI (Reuters) – The cabinet has agreed to raise the royalty rates for iron ore and other minerals, a mining ministry official said, raising the cost for domestic miners, and potentially making imported ore more attractive. There is a danger for miners that they will be unable to pass on the cost fully to steel mills due to weaker global prices, and the competition from imports …
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