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This thread has become interesting now some numbers have become involved. I too get involved in a lot of feasibility work for new mines. I am extremely sceptical of a $10-$30/tonne freight differential between Africa and Australia for shipping to China. Cost of production is around...

Among plenty of others... of course this is all agreed up front when the lease is signed, often before the property is built. A bit different to just changing the rules after the investment has been made!

This just highlights the level of the debate around the place on the taxation regime for mining companies. I've even heard Fed govt ministers make this point and it is disingenuous at the least and dishonest at the worst. Offshore oil and gas projects (like Gorgon et al) operate outside the...

Yes it reminds me of the ETS. A great idea if kept simple (eg just as a carbon tax / GST swap) but then our esteemed government gets their hands on it and makes an unholy mess out of it as well as a financial engineer's dream in the form of the CPRS. Here tax reform of the mining royalty...

A retraction... Well the press release I saw at the time had a little error in in - omitting the term "per year" from the $9.5bn. Turns out to be a little more significant than I thought and nowhere near the wholesale reform of the royalty scheme that is needed, rather just a new tax on top...

I very much doubt it. My amateur view of this is the large miners are already creaming the market for as much as humanly possible. They do know that if they increase their prices still further they will lose business. This tax only applies when they are massively raking it in so I can't see...