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Companhia Siderurgica Nacional (SID) Message Board

  • b_1039 b_1039 May 20, 2010 5:51 PM Flag

    well, s***

    Australia’s proposed 40% super tax on mining profits is having a contagion effect, as other countries are following suit to levy tax on mining produce.

    Chile, the largest copper exporter is considering a temporary increase in mining taxes to defray the earthquake reconstruction expenses and this may cost companies like BHP, Xstrata, and Anglo American Plc nearly $1.2 billion in the next two years.

    Brazil, the second largest iron ore exporter is considering taxing shipments of the commodities or raise royalties, the nation’s Energy and Mining Minister Edison Lobao has said.

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