Tag: Iron Ore

Despite hard hits to Australia’s wine, beef and barley industries, soaring iron ore spot prices have “more than made … up” the losses in lobsters and wine, says Deloitte. “To be clear, we’ve lost money on everything from lobsters to wine. But we’ve more than made that up in overall terms thanks to iron ore […]

BHP Billiton, Rio Tinto and Xstrata as well as the Australian Workers Union (AWU) are pleased with plans to replace the Resource Super Profits Tax with a Mineral Resource Rent Tax (MRRT).

Western Australian Premier Colin Barnett has reached agreement with BHP Billiton and Rio Tinto over increased iron ore royalties, mocking Kevin Rudd’s proposed RSPT.