Japan’s Mitsubishi Corp. and Australia’s Murchison Metals Ltd. , building a A$4 billion ($3.83 billion) iron ore rail and port development, need a better plan for the project’s ownership to facilitate its funding, Western Australian Premier Colin Barnett said.
Western Australia will never accept the modified mining tax Prime Minister Julia Gillard agreed with the nation’s biggest miners, the state’s Liberal Premier Colin Barnett told the Australian newspaper in an interview.
Australia’s new resources tax, which was changed by Prime Minister Julia Gillard in an announcement today, is still flawed and disciminates against coal, iron ore and energy miners, Western Australia Premier Colin Barnett said in an interview on ABC Radio today.
Posco , South Korea’s largest steelmaker, may increase its involvement in the A$4.3 billion ($4.3 billion) iron ore rail and port development at Oakajee in Western Australia, state Premier Colin Barnett said.
Australian Prime Minister Kevin Rudd ’s government is likely to compromise on the threshold at which his proposed tax on the profits of resource companies kicks in, Western Australia state Premier Colin Barnett said.
Western Australia, a state that produces a third of the nation’s exports, lost the manager of its economy in a sex scandal involving alleged misuse of public funds, three weeks before its annual budget.