From Brazil:
From BHP:
A BHP Billiton spokeswoman said Mr Grylls’ mining tax risked making WA iron ore mining uncompetitive.
“Royalties on iron ore are already about four times higher than Australia’s biggest iron ore competitor, Brazil,” she said.
“We pay an average of $18 a tonne on taxes and royalties on WA iron ore, not 25 cents as some have suggested.
“One in four WA jobs relies on the mining industry- that’s more than 330,000 jobs.
“Further increases in taxes would be bad news for those jobs, investment, local businesses and regional communities in WA.
“It is the regional towns and communities that rely on mining that will suffer most under Mr Grylls’ mining tax.”
If the two reforms go through then Australian competitiveness will improve.
Not that it matters. We’re discussing super profits here (economic rents) anyway.
