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Aussie Mining Giants Happy with New Tax Proposal

The big mining companies in Australia have been expressing their approval of the government's cut in the proposed Resources Super Profits Tax. The new compromise tax has been redesigned and renamed under Prime Minste...

From Fortescue Metals Group Ltd 4 Jul 2010

Out With RSPT and in With Minerals Resources Rent Tax

In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has been modified to a 3...

From BHP Billiton Plc 4 Jul 2010

Tribunal Protects Rio Tinto's Railway Line in the Pilbara

Rio Tinto has welcomed the decision to keep its railway line in Western Australia closed to smaller iron ore miners.

From Aquila Resources Limited 1 Jul 2010

Andrew Forrest Confident on RSPT Resolution

Fortescue Metals Group Ltd chief Andrew Forrest is now feeling confident about reaching a deal over the Resources Super Profits Tax (RSPT) with the Australian Government.

From Fortescue Metals Group Ltd 30 Jun 2010

Rio Tinto Facing Problems with Iron Ore Deals

Rio Tinto seems to be facing problems with alliances and proposed alliances everywhere. A proposed iron ore venture with BHP Billiton Ltd may be voted down by the Rio Tinto Group shareholders as they do not agree to the current terms of payment.

From Iron Ore Holdings Ltd 29 Jun 2010

WorleyParsons Wins Contract with Vale

WorleyParsons an Australian engineering company and part of a consortium with the Canadian engineering and construction group SNC-Lavalin issued a statement on Monday saying that it had been awarded a contract to provide Vale’s S11D processing facility with engineering services.

From Vale 28 Jun 2010