Mining business events: mining tax

Australia has become a less attractive investment option since new taxes on carbon and mining were proposed, according to reports which may be off interest to people attending mining business events.

Evy Hambro, managing director of BlackRock told The Age that 'Australia has definitely dropped down the list relative to its historical position because of the uncertainty around the tax changes.'

In fact Mr Hambro says that the new taxes are 'two new burdens that are having to be shouldered by resource companies', adding that it could lead to unemployment and lost investment in the company.

However, despite growing pressure over the proposed mining tax, Australia's PM Julia Gillard insists that the government will go ahead with the planned increase.

Marcus Evans presents mining business events, created by experienced professionals and with information presented by industry experts.