Msia Smelting Corporation/Straits Trading

Msia Smelting Corporation/Straits Trading: Indonesia announced that the country is looking to revise its royalty payments made on all domestic tin shipments, to close a tax loophole and make it in line with existing charges on exports in the world's top refined tin exporter. Add that the current royalty charge on intl exports can be as much as 3% vs domestic exports of 1%. Straits Trading owns a 54.8% stake in MSC which mines tin in Indonesia and Msia.