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Russia mulls tax hike for miners

Miners in Russia may be subject to higher duties under plans by Moscow to re-work the country’s mineral extraction tax after a temporary export tax expires at the end of 2021, Bloomberg reported on Monday, citing people familiar with the matter.

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Polyus' Olimpiada mine in eastern Siberia

Officials are considering linking rates to commodity prices, to take advantage of the surge in metals prices seen since last year, the news agency said.