Posted in | Mining Business

Kevin Rudd Feeling Pressure on RSPT Closer to Home

The pressure from the Mining Industry may be starting to show on the government as Resources Minister Martin Ferguson mentioned that the Australian Government may change certain elements of the new mining tax for different parts of the industry.

Ever since the new Resources Super Profits Tax or RSPT was announced the federal government has been criticized by mining bosses for the unreasonable 40% blanket tax rate. The large number of people dependant on mining for employment have been worried about mining operations being shut down and being left unemployed if companies decide that the RSPT makes mining projects unprofitable.

The Prime Minister has had to defend the new law for mining just as much as he has had to force ahead with his proposed health reforms policies. With the elections looming large Prime Minister Kevin Rudd is now facing pressure from a new source, his own party.

The furious opposition by the mining industry notwithstanding, perhaps the party and the government would do well to negotiate with the industry with a somewhat modified proposal.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.


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