Wednesday, February 25, 2009

Russian Coal Miners Seek Rise In Import Duty

Reports from Russia say that coal companies in the country are requesting a rise in the import duty on coking coal from 5% to 15%. This would enable local miners to utilise more of their mining capacity.

The government's commission on foreign trade safeguard duties will consider the issue at its next meeting.

In October 2008 the country's Economic Development Ministry suggested scrapping the import duty on coking coal in a bid to bolster competition.

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