Brazil’s southeastern state of Minas Gerais created a mining tax on the exploration of iron ore and other minerals that are not processed in the state.

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Brazil&rsquo;s southeastern state of Minas Gerais created a mining tax on the exploration of iron ore and other minerals that are not processed in the state, Valor Economico Reported, citing Minas&rsquo;s finance secretary, Leonardo Colombini.
The tax, which will equal to 2.3291 reais per ton of output this year, may de disputed by mining companies, the Sao Paulo- based newspaper reported, citing industry association Sindiextra.
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