Rio to meet Treasury over mining tax
Rio to fulfil Treasury over mining taxThe Australian head of Rio Tinto is lawful claim to meet Treasury officials in Canberra this afternoon to raise concerns surrounding the new mining tax.
The Government wants to introduce the 40 by cent tax on the so called super profits of resources companies.
A spokesman for Rio Tinto’s managing director, David Peever, says the collection wants to negotiate on all aspects of the proposed tax, including the cost at which it kicks in and the level of tax.
BHP Billiton is owing to meet Treasury officials tomorrow as part of the Federal Government’s consultations.
Yesterday, Fortescue Metals announced to the dullard exchange that it had put two West Australian projects on grasp because of the uncertainty surrounding the tax.