The Mining Tax will cost Jobs.
Im a Mining Company and Im looking at starting a Mine.
In South America i can make XX million
In Australia I can make X million
Where am i going to Mine ?
I really hate to bark up a tree but to be honest Faceman you know fuck'all about mining globally as far as business cost. Let me just say that if you want to open a mine in Asia and Africa (which is now booming in mining) you have to relinquish up to 51% of equity to the Federal and Local Govts of the country you're mining in. In Australia we don't do this. We have, by far, a far more rewarding system to the miner in Australia than most countries involved heavily in mining.
Not once has the approach taken by these Governments affected investment in these countries, nor will the MRRT in Australia. Miners are still making more profit off an Australian Mine than an Asian Mine/African mine. To some extent the same goes for Sth America.
How is that
I start selling from the mine to China for Cheaper than the Australian Mine can sell for, what happens to the Australian Mine ?
This doesn't happen nor will it with an MRRT as we are exceptionally efficient miners. Again you fail to understand the Mining Business and it's methods/practices on a global scale.
This Mining Tax is retarded and will hurt Australia.
I tend to laugh at this hysterical bullshit.