MRRT version 2 and 3 and 4 blah blah. So much waffle.
Citibank global head of metals and mining banking Strib Koster says the international reaction to the federal government's proposed mineral resource rent tax (MRRT) was dying down and would not have a damaging affect on investment in Australia's mining industry, according to The Australian newspaper.
Mr Koster told the newspaper that the mining tax was just a "bump in the road" for the sector and expects a number of new investment deals to be announced after the federal election. He said that potential international investors and buyers would not be put off Australia due to the new tax.
Mr Koster said that some companies affected by the MRRT would have had their valuations re-adjusted, according to The Australian.
