July 2010

The Mining Tax – A Personal View – Part 2

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In my last blog, written before going on leave overseas for a few weeks, I wrote that the RSPT  as proposed would mean that there could be significantly less investment in Australian mining projects.  I also suggested that if this message got through to the public and to the Government, the proposal would inevitably be modified. 

Well while I was away not only was the tax changed, but the Prime Minister too, an extraordinary outcome that still has residual shock waves. 

Interestingly the new MRRT has been greeted with a much more muted re