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The return of the export tax on tungsten postponed

28 May 2017

Refund of export tax on tungsten postponed until 1 September. A 10 percent export tax were to resume on 1 June. This was told by Deputy Viktor Pinsky.

Union concerning the protection of the rights of mining and metallurgical production in the Primorye territory of the Russian Federation, in favor of the abolition of this duty. As this tax has a negative impact on production. Companies will have to begin to curtail production. Reported it to Pinsky.

Until September 1, producers have to give reasoned arguments for the abolition of the tax on the export of tungsten. And the Ministry of economic development before the meeting met with leadership of production of tungsten.

The MP also noted the importance of saving places for the workers of the Maritime provinces. Workers to have decent wages. We have to support the producers. Because the production of necessary to the state. He expressed the hope that the export tax on tungsten canceled.

The production of this metal and so in the last 10 years is experiencing difficulties. Primorsky Krai have been left without the Lermontov ore mining and processing plant. And mining company «air» will soon be closed. It is noted Pinsky.

Export tax on tungsten I processing introduced in Russia from 2013 To 2016, the producers were able to give evidence for negative effects of this toll on production. Due to data arguments of the manufacturers tax was abolished before the summer of 2017

Because of this tax the production of tungsten concentrate decreased by approximately two times. Was stopped the work of three of the five tungsten-producing enterprises of the state.

According to the trade unions, tax — straight loss for the production of tungsten raw materials. Due fees has been limited investment in exploration, in the construction of new underground utilities. For this reason, we reduced the production of tungsten concentrate.

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