The International Resource Journal: Further potential for rebates and mineralisation-specifics for AUS new mining tax? Possibly

Further potential for rebates and mineralisation-specifics for AUS new mining
tax? Possibly
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admin on 05 July, 2010 06:40:00
 
IRJ July 5 - Today in a meeting over in Sydney, Australia, top of the agenda was
the potential for further tax breaks for iron ore miners as the government and
industry alike flesh out the terms of the brand new 30 per cent coal/iron ore
mining tax. The Chamber of Minerals and Energy of Western Australia has hinted
that further concessions could be on the cards.
Reg Howard-Smith, Chief Exec of the Chambers spoke to Reuters news service about
the potential for further modifications to the tax saying, “The minister
indicated these issues would be included in the terms of reference." He was, in
this, referring to Martin Ferguson, Federal Resources Minister, who has received
requests for honing tax rebates and excluding the magnetite miners from the new
tax.