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them - the government. last time i checked, miners weren't in control of export duties. then why should they get more profit than someone who does? a lot of people do, and their products are quite competitive.

certainly not common with mine, as i don't own any shares of mining companies

royalty is also a tax. so when you calculate tax as a percentage of 'before tax income' you need to either add royalty back to the base amount, which will make it 138m, or don't include it in the 57 mil of total taxes. the 123m he refers to as a 'pre-tax' profit already had royalty...

i'm saying that if someone is genuinely interested in finding out the real percentage they need to do their own research and calculations, and shouldn't believe someone who holds a financial interest in the subject ;)

mistakes like that make me wonder what else might be wrong in his calculations personally i can't be bothered to look for the whole tax deal to find out whether he included all the perks and deductions that miners will get in his calculations, and whether he calculated the super tax...

oh and by the way, BHP and/or rio increased prices of iron ore for Japan. :eek: i thought increasing prices would put them out of business :confused::rolleyes:

it's surprising how some people call themselves investors but don't know simple math :rolleyes: (not directed at you Ausprop, but the author of the paper) in the first example the guy gives the numbers are: Now i've highlighted the important bits. In the first part of calculation, where he...

in my opinion they should just increase the export duty on all the resources force them to process it all here and sell a product rather than raw materials