Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.
Australia’s Genmin signed a memorandum of understanding with China’s Hunan Valin Steel to sell and deliver 2.4 million tonnes per annum of iron ore products for two years from its Baniaka project in west Central Africa, the iron ore miner said on Friday.
(By Ayushman Ojha; Editing by Anil D’Silva)
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