OneSteel Says MRRT OK

OneSteel says that the government’s proposed Minerals Resource Rent Tax or MRRT won't negatively affect Whyalla steelworks. Geoff Plummer, Chief Executive for OneSteel is however negotiating for a more simplified deal.

The company is looking forward to working out ways with the government to ensure that there are no unintended consequences to face. Mr. Plummer also felt that the MMRT was a significant improvement on the RSPT. Improvements being the taxing point for iron ore, allowable costs when calculating profit and how to determine the market value of existing assets. Mr. Plummer looked forward to the growth of the south Australian mining economy now that the tax matter had been all but settled.

OneSteel is a fully integrated, global manufacturer and distributor of steel and finished steel products, self-sufficient in both iron ore and scrap metal, with revenues in excess of $6 billion Australian dollars.

OneSteel's major manufacturing facilities are located in Whyalla, South Australia, Melbourne, Victoria, Western Sydney and Newcastle, New South Wales and Brisbane, Queensland. Smaller manufacturing and distribution facilities are located throughout regional Australia.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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