Australian Govt mining tax passes Senate
The Gillard government's controversial mining tax has passed the Senate will operate from July 1, 2012.
The Minerals Resource Rent Tax legislation (MRRT), which will impose a 30 percent tax on the extraordinary profits of coal and iron ore miners, passed by 38 votes to 32 in the Senate.
Gillard has said the mining tax aims to spread the spoils of the mining boom across Australia's economy and is beneficial to all Australians, especially those of less well-off sectors of the economy.
The Mineral Resources Rent Tax Bill 2011 and related bills will now go to the governor-general for assent.
The government's planned capital investment in mining is estimated at 119.8 billion dollars (128.19 billion U.S. dollars) in the year to end-June 2013 - which covers the first 12 months of the mining tax due to be implemented on July 1, 2012.
The Australian Greens gave great support to the bill and has made a last ditch bid to have the tax rate increased to 40 percent but that amendment was defeated.
Another Greens amendment to apply the tax to gold, uranium and rare earth minerals was ruled out of order by Senate President John Hogg.
That initial proposal to introduce a 40 percent mining tax in May 2010 attracted a bruising public relations war from the mining industry and contributed to the downfall of former prime minister Kevin Rudd.
Prime Minister Julia Gillard later negotiated a modified tax rate of 30 percent with big companies as BHP, Rio and Xstrata, but smaller miners remain unhappy with the deal with Queensland mining magnate Clive Palmer threatening a High Court challenge.
- Bauxite Resources公司收到大量持股通知
- ASF Group的联营公司将Dawson West热煤项目的资源储量提升至6.45亿公吨
- White Cliff Minerals公司于Aucu项目发现新的矿化带
- Bauxite Resources公司非执行董事卸任
- South Boulder Mines公司董事长购买市售股份
- Carbon Energy公司筹资500万澳元以推进天然气项目
- South Boulder Mines公司降低Colluli钾肥项目的运营开支和资本开支