Antinuclear

Australian news, and some related international items

Uranium miners stack Australia’s group for mines tax policy

the policy-transition group will be headed by former BHP chairman Don Argus and Resources and Energy Minister Martin Ferguson.

Toro Energy CEO joins big miners in Labor’s mines tax policy team, The Australian * Rachel Pannett * From: Dow Jones Newswires * August 03, 2010

WAYNE Swan today named former and serving resource executives ……. to the government’s mines tax policy team. The policy-transition group now includes…..  former Rio Tinto executive David Klingner, Erica Smyth, chairman of uranium explorer Toro Energy….. and BHP Billiton),…..

The team will meet with mining companies to discuss the implementation of the controversial mining-tax proposal if the Labor government is re-elected on August 21.

The centre-left government watered down the tax proposal early last month, cutting the headline rate of the tax to 30 per cent from 40 per cent and excluding all minerals except iron ore and coal.

Australia’s Liberal-National opposition coalition has said it will oppose the mining-tax plan in the Senate, or rescind it if it wins office.

The revenue-raising proposal still faces industry opposition, particularly among smaller miners who argue they were excluded from the deal brokered on July 2 with the country’s biggest miners, BHP Billiton, Rio Tinto and Xstrata.

As previously announced, the policy-transition group will be headed by former BHP chairman Don Argus and Resources and Energy Minister Martin Ferguson.

Toro Energy CEO joins big miners in Labor’s mines tax policy team | The Aus

August 3, 2010 - Posted by | AUSTRALIA - NATIONAL, politics, uranium | , , , , ,

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