Australia’s MRRT goes before Senate Economic Committee

The Australian Parliament on Thursday referred the Mineral Resources Rent Tax (MRRT) Bill and the Petroleum Resources Rent Tax Bill to a Senate Economic Committee. The committee would be seeking written submissions from interested individuals and...

MRRT safeguards needed to protect small miners – BDO

Accountancy group BDO has called for the inclusion of safeguards for small miners to the proposed mineral resources rent tax (MRRT), which was introduced into Parliament last week. An updated modelling on the impact of the MRRT confirmed that...

Mining tax pushes Australian miners back into crisis – Fortescue

Iron-ore miners Fortescue Metals and Atlas Iron on Wednesday added their voices to the growing number of companies urging voters to consider the economic implications of the proposed mining tax when voting on Saturday. Fortescue CEO Andrew...

Opposition leader Abbot promises A$418m to resources and energy sector

As the election race to August 21 heats up, opposition leader Tony Abbott has promised the Australian mining industry that the Coalition government would commit A$418,3-million to ensure the viability and competitiveness of the resources...

Smaller miners may restart anti-tax campaign

The Association of Mining and Exploration Companies (Amec), which represents small to midcap miners, on Thursday called on the Gillard government to scrap the proposed minerals resources rent tax (MRRT), saying that it was reviewing a restart of...

SA still reviewing royalty issue

South Africa is still reviewing a proposed mining tax and no decision had been taken on any changes, a Finance Ministry official said on Thursday, after fresh reports it might cut a mooted royalty on gold sales.