October 10th, 2010

Magnetite miners form tax alliance

By Andrew Burrell

The strategy comes as they prepare to tell the government panel charged with designing the mineral resources rent tax they should be excluded from the impost.

A meeting was held in Perth yesterday between the Magnetite Network, the Geraldton Iron Ore Alliance and the West Australian Chamber of Minerals and Energy with the aim of presenting a united front to the panel later this week.

Among the magnetite miners potentially affected by the tax are Chinese-owned Citic Pacific, Sinosteel Midwest and Extension Hill, along with Australian-listed Gindalbie Metals, Atlas Iron and Grange Resources.

©The Australian

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