CANBERRA, May 20 (BestGrowthStock) – Global miner Rio Tinto
(RIO.AX: ) (RIO.L: ) faces a more difficult task to move ahead on
its Australian projects because of Canberra’s planned new tax
on mining profits, a company executive said on Thursday.
David Peever, managing director of Rio Tinto Australia,
made the comment to reporters after leaving a meeting with
treasury officials over the 40 percent tax, which is to start
in 2012.
Stock Market Research Tools
(Reporting by James Grubel; editing by Mark Bendeich)
Rio Tinto says Australia tax impedes mine projects
