“Azovstal” asks to postpone for a year the increased rent ore mining

The increase in the rent for iron ore may lead to a complete stop mining companies

Increase in rent on extraction of iron ore will lead to destabilizing the mining industry and a drop in state revenues, this decision should be postponed at least a year.

This is stated in the appeal of PJSC “MK” Azovstal” to President Vladimir Zelensky.

The appeal noted that the increase of the rent on extraction of iron ore in Ukraine in 1,5 times, provided that changes in the Tax code (bill 1210), which is critical to the viability of mining companies and could lead to complete halt of production.