Thursday, December 15

Exploration at record levels

WE ARE searching for coal, iron ore and onshore gas as never before despite claims that the minerals resource rent tax would kill those industries ''stone dead''.

Bureau of Statistics figures released yesterday show exploration for each at record highs.
Coal, iron ore and onshore petroleum are the three commodities that will be hit by the new 22.5 per cent super-profits tax when it comes into force in July.


Sydny Morning Herald

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