Miners fear perfect storm from tax hike
aleksa1234
(net admin)
12. септембар 2012. у 06.02
AUSTRALIA'S largest miners, already reeling from a slowdown in China and plunging commodity prices, have warned of further job cuts, project deferrals and investment dollars moving offshore after the Queensland government increased royalties on coal production.
aleksa1234
(net admin)
12. септембар 2012. у 08.51
What Queensland’s Coalition Premier, Campbell Newman, did yesterday was the last straw.
BHP Billiton, Rio Tinto and most other world minerals and energy groups have now concluded that Australia is one if the most dangerous places in the world to invest. We are going to see a capital strike of immense proportions, which will take a long time and much effort to reverse. And when it is reversed miners will still require much greater returns from Australia because of the demonstrated sovereign risk of investing here.
http://www.businessspectator.com.au/bs.nsf/Article/Australia-becoming-a-sovereign-risk-pd20120912-Y2T8N?Ope... ument&src=mp
