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Kazakhstan Restores 15 pct Aluminium Export Duty
Jun 10,2010 14:57CST
industry news

ALMATY, June 10 -- Kazakhstan will restore a 15 percent export tariff on aluminium from June 23 that was temporarily removed to help the country's sole producer of the metal, ENRC (ENRC.L: Quote), withstand the global financial crisis.

The export duty of 15 percent, or no less than 100 euros per metric tonne, was published on Thursday in the official Kazakhstanskaya Pravda gazette. The tariff had been removed in February 2009.

ENRC, or Eurasian Natural Resources Corporation, produces aluminium at its smelter in the northeastern Kazakh city of Pavlodar. The company says it produced 45,000 tonnes of the metal in the first quarter of 2010, up 45 percent year-on-year.


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