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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (59886)	6/2/2010 8:49:32 AM
From: LoneClone	Read Replies (1) of 193124

Rudd doesn't see quick deal on Australian mining tax Currently, more than 80 companies are in talks with the treasury department about the proposed 40% tax on mining profits Posted: Tuesday , 01 Jun 2010 CANBERRA (Reuters) - mineweb.com Australia's government does not expect to reach a quick agreement with mining companies on its proposed 40 percent mining-profits tax, Australian Prime Minister Kevin Rudd said on Tuesday. More than 80 mining companies are in talks with the Treasury department over the new tax, to be imposed in 2012, but Rudd told reporters he expected the negotiations to be protracted and would not commit to finalising them ahead of elections, expected this year. (Reporting by James Grubel; Editing by Mark Bendeich)

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