Fortescue Metals Urges Government to Drop SPT

- May 26th, 2010

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 […]

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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2 responses to “Fortescue Metals Urges Government to Drop SPT

  1. To Whom It May Concern:

    As a former citizen of a socialist government (Norway), now a US citizen and investor in Australian resources,

    I am suggesting that poor planning on your part should not constitute an emergency on everyone else’s part!

    Respectfully,

    Ove “Olie” Nordhaug

    6845 Sonia Street

    Tacoma, Washington 98404-4234

    (253) 222-8720

    “The willow branch that doesn’t bend in high winds is subject to severe damage.”

  2. To Whom It May Concern:

    As a former citizen of a socialist government (Norway), now a US citizen and investor in Australian resources,

    I am suggesting that poor planning on your part should not constitute an emergency on everyone else’s part!

    Respectfully,

    Ove “Olie” Nordhaug

    6845 Sonia Street

    Tacoma, Washington 98404-4234

    (253) 222-8720

    “The willow branch that doesn’t bend in high winds is subject to severe damage.”

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