Posted in | News | Iron Ore | Coal | Mining Business

New Anti-Mining Tax Campaigns Set to Re-Commence

The short respite won by Prime Minister Julia Gillard's intervention and negotiations with heads of the mining majors seems to be over with a new anti-tax campaign about to commence.

The Association for Mining and Exploration Companies or AMEC is set to fight for the small iron ore miners who will likely lose out under the terms of the new Minerals Resource Rent Tax (MRRT).

As per Wayne Swan, the Federal Treasurer, the new campaign against the mining tax is politically motivated. The AMEC Chief Executive Simon Bennison said that a new advertising campaign against the MRRT would soon be launched. Mr Andrew Forrest of Fortescue Metals has lent its monetary support to the AMEC.

A spokesman for Mr. Forrest also mentioned that any initiatives of the Queensland Chamber of Commerce and Industry to fight the tax will also be supported. QCCI president David Goodwin said the MRRT had already dampened activity in the mining sector and among companies providing services to that industry.

Joel Scanlon

Written by

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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Fortescue Metals Group Ltd. (2019, March 19). New Anti-Mining Tax Campaigns Set to Re-Commence. AZoMining. Retrieved on May 19, 2024 from https://www.azomining.com/News.aspx?newsID=165.

  • MLA

    Fortescue Metals Group Ltd. "New Anti-Mining Tax Campaigns Set to Re-Commence". AZoMining. 19 May 2024. <https://www.azomining.com/News.aspx?newsID=165>.

  • Chicago

    Fortescue Metals Group Ltd. "New Anti-Mining Tax Campaigns Set to Re-Commence". AZoMining. https://www.azomining.com/News.aspx?newsID=165. (accessed May 19, 2024).

  • Harvard

    Fortescue Metals Group Ltd. 2019. New Anti-Mining Tax Campaigns Set to Re-Commence. AZoMining, viewed 19 May 2024, https://www.azomining.com/News.aspx?newsID=165.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.