I'm not sure if it was quite that high, maybe 20%. Vietnam brought in the same type of policy as Indonesia where the export tax is higher for unprocessed ore or concentrate to encourage further processing within the country. AMR were looking at buillding a smelter, likely an electric one, for $30m which would have brought their export tax for nickel matte down to, from memory, 5%. The Vietnamese Govt are very keen to see plants such as the refinery BSX is designing built in their country, it is their policy
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I'm not sure if it was quite that high, maybe 20%. Vietnam...
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