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China's royalty reform is designed to have no impact on iron ore costs

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Report summary

China is proposing to replace its tonnage based resource taxes and all related grey costs with a price based royalty for iron ore mines. The government will aim to set the new royalty rates without affecting costs for the industry. We estimate price based royalties will need to be between 5 and 7%on average to achieve this goal. A date for implementing this new royalty regime is not decided and could be up to several years away.

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    China's royalty reform designed to have no impact on iron ore costs

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This report includes 2 images and tables including:

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  • Company type cost impact of price-based resource tax

Tables

  • Royalty rates by provinces to achieve no cost change

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