Interesting report from the RSPT talks:The new agreement is also...

Interesting report from the RSPT talks:

The new agreement is also likely to not only see lower value resources including sand, gravel and limestone excluded from the regime, but exclude nickel mining and processing from the regime. That is another big win for the miners, who argued that the complicated, integrated nickel mining and processing process did not lend itself to the resources tax design.
http://www.smh.com.au/business/mining-tax-breakthrough-20100701-zp5z.html

Nickel is extremely difficult to stay economic in, which is why I've not really attached much value to FML nickel exposure (sorry Choo!!). This could make it interesting though.