AUSTRALIA-TAX/FORTESCUE (URGENT)
SYDNEY, May 19 (reuters) - Australian iron ore miner Fortescue Metals Groupput $15 billion in new iron ore projects on hold on Wednesday, citing the country's proposed new tax on mining profits.
Development work on the Solomon and Western Hub iron ore deposits in west Australia have been suspended while the company considers the implications of the government's 40 percent tax on profits, due to be introduced in 2012.
(Reporting by James Regan; Editing by Mark Bendeich)
http://www.forexyard.com/en/news/Fortescue-shelves-15b-in-mine-projects-due-to-tax-2010-05-19T011154Z
- Forums
- ASX - General
- fortescue shelves $15b in mine projects due to
fortescue shelves $15b in mine projects due to
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online