Australia, miners strike tax compromise
The “super profits tax” has been discarded in favour of a resources rent tax that has been endorsed by key global miners including London-listed BHP Billiton, Rio Tinto and Xstrata.
See http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=107295&sn=Detail.
Mining industry roars back to life
Share prices soared and hundreds of millions of dollars worth of stalled investments got the green light after Prime Minister Julia Gillard announced a deal on the controversial resources tax.
See http://www.abc.net.au/news/stories/2010/07/02/2943091.htm.