MINERAL RESOURCE TAX AND REVISION IN ROYALTIES ON IRON ORE



 Merchant Miners may face Royalty revision and Mineral Resource Tax
The government is expecting to revise the royalty rates on Iron Ore which is currently ten percent in the minerals rich state. The state of Orissa which has almost 35% of total Iron Ore reserves of India is also looking to impose the mineral resource rent to fifty percent on the guidelines on Australia which has announced the mineral resource rent of thirty percent which will be applicable on iron ore from July1, 2012.
The mining companies are making almost profit of eighty percent from mining and supplying iron ore from the iron ore rich state of Orissa. The government will use the extra royalty for development works and jobs.
The government sources believe that the royalty has to be revised along with the implementation of mineral resource tax. The profits made by merchants in iron ore industry is the highest in comparison to any other industry in India.

Crushing and Screening of Iron Ore, Iron Ore Contractors

Crushing and Screening Services in India

We provide crushing and screening services in India for crushing and screening of stones, gravels, minerals, ores, basalts, limestone, dolomite,soap stone etc 



iron
iron (Photo credit: Wikipedia)

Our experience crew and machinery is specialized in crushing and screening of Hematite as well as magnetite iron ore fines, iron ore lumps, Calibrated Iron Ore lumps, and are providing service and support for mining and resources industries by provision of crushing, screening and conveying equipments on contract basis.

Hematite
Hematite (Photo credit: Wikipedia)

We provide one stop SOLUTION for MOBILE CRUSHING AND SCREENING, minerals and ore processing, Earthworks, Mining Machinery and Transport Solutions in India






We can crush and screen iron ore 1000Mt to 2000Mt per day depending on the quality and physical standard of the ore.
The main factors for our success are
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WE also undertake mining contracts and Transporting Ore and Minerals by Road and Sea Route

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