The Australian government’s decision to introduce a “Resources Super Profit Tax” (“RSPT”) imposes a 40% tax on resource profits over the long term bond rate for Australian projects. In 2009, Australia accounted for a substantial proportion of global commodity production. Approximately 11% of zinc, 7% of copper, 30% of bauxite, 18% of iron ore, 13% of nickel, 21% of export thermal coal and 59% of export metallurgical was mined in Australia. Naturally, legislative changes which impact on the returns and viability of this proportion of the total industry warrant careful investigation and affects the global industry.
展开▼
