PM Gillard ‘throwing open’ doors to Australian miners on tax regime

Australia’s governing Labour Party on Thursday removed Kevin Rudd as Prime Minister and replaced him with Julia Gillard – a move that was widely welcomed by the country’s powerful mining industry, which has been at odds with Rudd over a...

Australia’s super tax plan ‘flawed’, E&Y study finds

The economic assumptions that the Australian government is using to back its proposed super profits tax (SPT) are “flawed”, a new report by global consulting firm Ernst & Young (E&Y) has found. “The model used by the government incorporated...

Nullagine iron-ore project on track despite tax threat

Emerging iron-ore producer BC Iron is pushing ahead with the development of its Nullagine iron-ore mine, it said on Thursday, as major producers threaten to halt projects after the government proposed a 40% super profits tax (SPT). The Nullagine...