scraps iron ore project over mine tax, page-52

I still believe that security of longer term supply rather than shorter term profit will continue to drive the in flow investments in the mineral sector.

On the other hand, how will the less marginal projects that would have been economical risk reward perspective per Super tax be assessed? There will be potentially less supply to meet demand so the commodities affected will have to go up. It is easy to decide and look for projects in Africa especially but infrastructure is a big issue and half these countries are war torn or on the verge. The losers are us investors with our monies in the smaller players leveraged to Oz projects and the sector employment.

At least they will get the rise in employer super contrinution to make up for the fall in their existing super. Rudd wins because he will be elected on a popular theme for the wider community.