It may not be gone but certainly reduced if Labor get re-elected. The current RSPT increase of 20% makes most base metal and gold producers in Australia uneconomical based on a KPMG report. Only the bulk commodities such as Iron Ore, Manganese and Bauxite can remain in the positive.
Financial models are showing that even the multi $bil Olympic Dam expansion is uneconomical under the new tax.
IMO, it wont go ahead. In fact, it cant go ahead. Australia will be in real financial trouble if it did.
resources super profits tax will be gone!!! , page-3
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