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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (36506)	1/21/2010 8:52:53 PM
From: E_K_S	Read Replies (1) of 78609

Asia Stocks down more than 3% - Proposed new Australian mining Tax Asian Shares Fall on Australia Mining Tax Concern bloomberg.com From the article:"...BHP Billiton Ltd., the world’s biggest mining company, sank 2.7 percent after the Sydney Morning Herald newspaper said an Australian tax review recommends replacing royalty charges on mining projects with a national resource rate. Rio Tinto Group, the world’s third-biggest mining company, lost 3.2 percent..." --------------------------------------------------------------- If Australia imposes a mining tax, when will Canada or Brazil do the same thing? This is equivalent to a tariff and could very well stagnate global growth from China. EKS

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