IMF backs mining tax
The International Monetary Fund has given its support to the Australian Federal Government’s planned resource super profits tax. The deputy head of tax policy at the IMF Philip Daniel has told a tax conference in Sydney that the proposal is a worthwhile reform. He says there are a number of benefits in the RSPT which [...]
Rio Tinto, BHP Billiton and allies strike pact with new Australian PM
What’s in store for Australian mining with the fall of the House of Rudd? A precarious peace pact has been struck between the Australian mining lobbies and the Federal Government following the sudden departure of Kevin Rudd as Australian Labor Party Leader and thus the Prime Ministership. The argument over proposed higher tax rates on [...]
Nickel: A breakthrough in China, another blow for many others
A potentially highly significant “development” has just been announced in China. At first sight, it relates only to changes in methods of refining nickel, primarily in the manufacture of stainless steel. But, if verified, the process has profound (and negative) implications, both for the health of Chinese people, and for that of communities in Indonesia [...]
Union plan to starve Australian uranium mining industry of labour
A major union expects others to join its campaign to “starve” Australia’s uranium industry of workers. The Electrical Trades Union has banned its members from working on uranium mines, nuclear power stations or any other part of the nuclear fuel cycle.The ETU says other unions have expressed strong support for the campaign against uranium, which [...]
BHP Billiton, Rio Tinto and Xstrata continue tax campaign
Rio Tinto worried Australian tax may give other countries ideas Prime Minister Kevin Rudd’s proposed ‘super tax’ on miners is still causing the industry to vent its collective spleen in anger. Xstrata have added to the list of companies promising to cancel expansion if the tax pushes through. Rio Tinto is one of the latest [...]
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