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Australian Iron Ore Mine Magnate Leads Fight Against Tax
Nov. 03, 2011 02:44PM PST
Base Metals Investing
Reuters reported Australian mining company executives on Thursday called on Prime Minister Julia Gillard to abandon a proposed mining profits tax.
Reuters reported Australian mining company executives on Thursday called on Prime Minister Julia Gillard to abandon a proposed mining profits tax.
As quoted by the market news:
The claim was immediately rejected by Treasurer Wayne Swan before the Australian Parliament.
Gillard earlier this year vowed to introduce a 30 percent tax on profits from iron ore and coal mining after holding closed-door negotiations with the nation’s three biggest mining houses, BHP Billiton (BHP.AX), Rio Tinto (RIO.AX) and Xstrata (XTA.L).