The Russian government has decided to reduce the mining tax on rare earth metal ore.

The Russian government has decided to reduce the mining tax on rare earth metal ore.

According to government chairman Medvedev, this will stimulate the mining of rare earth metals.

Taxes are recommended to be reduced from 8% to 4.8%.

“Some types of rare earth metals are of strategic importance, but their mineral development is complex, I mean, the attractiveness of investment is also complicated,” he said.