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As Australia’s federal election draws closer, we speak to Mathias Cormann, Liberal Party of Australia Senator for Western Australia, about Labor’s controversial mining tax and how the Liberal/National Coalition vows to get Australia back on track“The Minerals Resource Rent Tax is a complex, badly designed, failed tax, inappropriately targeting one ...
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By Mick Humphreys, Control Risks
Australia’s long-held reputation as a quality mining destination has recently taken a beating. BHP Billiton chairman Jac Nasser, at a business lunch in Melbourne, cited changes to the tax regime, labour laws and confrontational trade unions as reasons for a loss of Australia’s competitive edge in mining. In 2012 the
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By Wilfred Visser
The art of selling mines has many names intended to make shareholders happy: asset rationalisation, simplification of the asset portfolio, shedding non-core assets, or simply divesting. The recent investor presentations of most large mining companies contain one or more of these terms. A range of assets has formally or informally
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By Ian Thomson, On Common Ground Consultants
Among the OECD (Organisation for Economic Cooperation and Development) countries, Australia’s economy stands out. It hardly noticed the global crisis of 2008/9 and has recorded continuous annual growth since 1991. This success is very largely due to a robust mining sector, which collectively contributes almost 20% to GDP, and proximity
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