Fortescue Metals Urges Government to Drop SPT

Fortescue Metals Group (ASX: FMG), an Australian iron ore mining company, is calling for other shareholders to share their voices against the super profits tax (SPT).

Fortescue chairperson Herb Elliott is quoted saying:

“It harms the mining industry and especially Fortescue, and we are urging the government to drop this proposal and to open a new forum for dialogue with all industries to discuss tax reform.”

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