1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 6 2 Introduction 7 2.1 GlobalData Report Guidance 7 3 Asia-Pacific, Iron Ore Mining Industry 8 3.1 Asia-Pacific, Iron Ore Mining Industry, Introduction 8 3.2 Asia-Pacific, Iron Ore Mining Industry, Regulatory and Fiscal Regime 9 4 Australia, Iron Ore Mining Industry - Regulatory and Fiscal Regime 10 4.1 Australia, Iron Ore Mining Industry, Introduction 10 4.2 Australia, Iron Ore Mining Industry, Governing Bodies 11 4.2.1 National Level 11 4.2.2 Minerals Council of Australia 11 4.2.3 Department of Resources, Energy and Tourism 11 4.2.4 Geosciences Australia 11 4.2.5 State/Territory Involvement 11 4.3 Australia, Iron Ore Mining Industry, Governing Laws 13 4.3.1 Offshore Legislation 13 4.3.2 Onshore Legislation 13 4.4 Australia, Iron Ore Mining Industry, Rights and Obligations 15 4.4.1 Obligations 15 4.4.2 Rights 15 4.5 Australia, Iron Ore Mining Industry, Key Fiscal Terms 15 4.5.1 Royalty 15 4.5.2 Minerals Resource Rent Tax 17 4.5.3 Extraction Allowance 17 4.5.4 Corporate Income Tax 17 4.5.5 Capital Gain Tax 17 4.5.6 Deductions and Depreciation 17 4.5.7 Withholding Tax 18 4.5.8 Loss Carry Forward 18 4.5.9 Value Added Tax 18 5 China, Iron Ore Mining Industry - Regulatory and Fiscal Regime 19 5.1 China, Iron Ore Mining Industry, Introduction 19 5.2 China, Iron Ore Mining Industry, Governing Bodies 20 5.2.1 Ministry of Land and Resources 20 5.2.2 National Development and Reform Commission 20 5.2.3 Department of Resource Conservation and Environmental Protection 20 5.3 China, Iron Ore Mining Industry, Governing Laws 21 5.3.1 Mineral Resources Law (March 19, 1986) 21 5.3.2 Law on Safety in Mines 21 5.3.3 Land Administration Law (August 29, 1998) 21 5.3.4 Environmental Protection Law (December 26, 1989) 21 5.4 China, Iron Ore Mining Industry, Mining Licenses 21 5.4.1 Exploration and Mining License 21 5.5 China, Iron Ore Mining Industry, Key Fiscal Terms 22 5.5.1 Royalty 22 5.5.2 Resource Tax 22 5.5.3 Urban and Township Land Use Tax 22 5.5.4 Enterprise Income Tax 22 5.5.5 Local Taxes 23 5.5.6 Vehicle and Vessel Usage Tax 23 5.5.7 Deductions 23 5.5.8 Value Added Tax 23 5.5.9 Stamp Tax 24 5.5.10 Depreciation 24 5.5.11 Loss Carry Forward 24 5.5.12 Withholding Tax 25 5.5.13 Tax Incentives 25 6 India, Iron Ore Mining Industry - Regulatory and Fiscal Regime 26 6.1 India, Iron Ore Mining Industry, Introduction 26 6.2 India, Iron Ore Mining Industry, Governing Bodies 27 6.2.1 Ministry of Mines 27 6.2.2 Indian Bureau of Mines 27 6.2.3 Geological Survey of India 27 6.2.4 Ministry of Environment and Forests 27 6.3 India, Iron Ore Mining Industry, Governing Law and Licensing 27 6.3.1 Mines and Minerals (Development and Regulation) Act, 2010 27 6.3.2 Reconnaissance License 27 6.3.3 Prospecting License 28 6.3.4 Large Area Prospecting License 28 6.3.5 Mining Lease 28 6.4 India, Iron Ore Mining Industry, Key Fiscal Terms 29 6.4.1 Fees 29 6.4.2 Rent 29 6.4.3 Royalty 29 6.4.4 Corporate Tax 29 6.4.5 Surcharge 29 6.4.6 Education Cess 30 6.4.7 Branch Profits Tax 30 6.4.8 Withholding Tax 30 6.4.9 Deductions 30 6.4.10 Depreciation 30 6.4.11 Loss Carry Forward 30 6.4.12 Value Added Tax 30 7 Kazakhstan, Iron Ore Mining Industry - Regulatory and Fiscal Regime 31 7.1 Kazakhstan, Iron Ore Mining Industry, Introduction 31 7.2 Kazakhstan, Iron Ore Mining Industry, Governing Bodies 32 7.2.1 Ministry of Energy and Mineral Resources 32 7.2.2 Ministry of Industry and Trade 32 7.2.3 Ministry of Environment Protection 32 7.3 Kazakhstan, Iron Ore Mining Industry, Governing Laws 32 7.3.1 Law of Subsoil and Subsoil Use 32 7.4 Kazakhstan, Iron Ore Mining Industry, Ownership and Licensing 33 7.4.1 Mining Ownership 33 7.4.2 Licensing Type 33 7.4.3 Duration 33 7.4.4 Area 33 7.5 Kazakhstan, Iron Ore Mining Industry, Rights and Obligations 34 7.5.1 Rights 34 7.5.2 Obligations 34 7.6 Kazakhstan, Iron Ore Mining Industry, Key Fiscal Terms 34 7.6.1 Upfront Payments and Taxes on Subsurface Usage 34 7.6.2 Corporate Income Tax 36 7.6.3 Capital Gain Tax 36 7.6.4 Land Tax 36 7.6.5 Social (Payroll) Tax 36 7.6.6 Vehicle Tax 36 7.6.7 Deductions 36 7.6.8 Loss Carry Forward 36 7.6.9 Value Added Tax 36 7.6.10 Depreciation 37 7.6.11 Withholding Taxes 37 8 Appendix 38 8.1 Abbreviations 38 8.2 Terminology 39 8.2.1 Corporate Income Tax 39 8.2.2 Mining Royalty 39 8.2.3 Branch Profit Tax 39 8.2.4 Capital Gain Tax 39 8.2.5 Mining Upfront Payments 39 8.2.6 Other Taxes 39 8.2.7 State/ Provincial Income Tax 39 8.2.8 Withholding Tax 39 8.3 GlobalData’s Methodology 40 8.3.1 Coverage 40 8.3.2 Secondary Research 40 8.3.3 Primary Research 41 8.3.4 Expert Panel Validation 41 8.4 Contact Us 41 8.5 Disclaimer 42

1.1 List of Tables Table 1: Iron Ore Mining Industry, Asia-Pacific, Regulatory and Fiscal Regime, 2012 9 Table 2: Iron Ore Mining Industry, Australia, Western Australia Royalty Rates(%), 2012 16 Table 3: Iron Ore Mining Industry, China, Land Use Tax Rates (In CNY and $), 2012 22 Table 4: Iron Ore Mining Industry, China, Stamp Tax (% or CNY), 2012 24 Table 5: Iron Ore Mining Industry, China, Years of Depreciation (Years), 2012 24 Table 6: Iron Ore Mining Industry, India, Dead Rent Rates (INR per hectare), 2012 29 Table 7: Iron Ore Mining Industry, India, Withholding Tax Rates, 2012 30 Table 8: Iron Ore Mining Industry, India, Depreciation Rates (%), 2012 30 Table 9: Iron Ore Mining Industry, Kazakhstan, Excess Profit Tax Rates (%), 2012 35 Table 10: Iron Ore Mining Industry, Kazakhstan, Transportation Tax Rates (%), 2012 36 Table 11: Iron Ore Mining Industry, Kazakhstan, Depreciation Groups and Rates (%), 2012 37 Table 12: Iron Ore Mining Industry, Kazakhstan, Withholding Tax Rates (%), 2012 37