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BHP Sets Out Alternative to Australia Mining Tax

Industry News 01:16:22PM May 21, 2010 Source:SMM

SYDNEY, May 21 (Reuters) - Global miner BHP Billiton (BHP.AX) (BLT.L) set out its case for changes to Australia's proposed new mining tax in talks with government officials on Friday, saying any tax should be based on the value of commodities produced.

In a statement after the talks, the firm said the 40 percent tax should also vary according to the type of commodity. Under the government's proposal, the tax would apply to mining profits and apply equally to different commodities.
 

BHP Sets Out Alternative to Australia Mining Tax

Industry News 01:16:22PM May 21, 2010 Source:SMM

SYDNEY, May 21 (Reuters) - Global miner BHP Billiton (BHP.AX) (BLT.L) set out its case for changes to Australia's proposed new mining tax in talks with government officials on Friday, saying any tax should be based on the value of commodities produced.

In a statement after the talks, the firm said the 40 percent tax should also vary according to the type of commodity. Under the government's proposal, the tax would apply to mining profits and apply equally to different commodities.