Tag: Super Tax

BHP (NYSE:BHP): Resist Gillard and Super Tax

Filed in bhp billiton, Mining companies, silver, Super Tax by on June 25, 2010 0 Comments

BHP (NYSE:BHP) (ASX:BHP) – Continue your resistance! It took only a few hours for the new Prime Minister of Australia, Julia Gillard, to dampen hopes there might be change in the country, especially concerning the hated super tax on mining companies, which ultimately brought the downfall of Kevin Rudd. While Gillard made some overtures to the mining companies, she didn’t change the narrative,

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AngloGold Ashanti (NYSE:AU) Down on Great Gold Day

AngloGold Ashanti (NYSE:AU) was one of the few poor gold performers on Friday, on a day which broke another record at the close of $1,256.50, an increase of $11.30 on the day.The news yesterday that they were going to focus on developing mining projects outside Australia because of the 40 percent super tax, seems to have overshadowed the rest of the good news related to gold. This isn’t

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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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