Australian Mining Tax

What Will Become of the Australian Mining Tax?

“It’s a great day for redheads,” Australia’s new Prime Minister, Julia Gillard, is said to have proclaimed after her predecessor, Kevin Rudd, was ousted from the nation’s top job yesterday. Your editor has nothing against redheads…but he had hoped the new PM would have more pressing issues on her mind than hair color. She is, after What Will Become of the Australian Mining Tax? originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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AngloGold (NYSE:AU) Latest to Shrink Australian Investment on Mining Super Tax

AngloGold Ashanti Ltd. (NYSE:AU) is the latest mining company to put a hold on Australian projects, as the inability to turn much of a profit from mining operations in the country has miners fleeing to more profitable areas of the world.”While we are still committed, what should be a 20-year development that our industry so desperately needs, has slipped back down the project priority list,” CEO

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