Sydney – Thursday 29 July 2010. Despite the Government’s attempts to modify the new mining tax as a measure to regain support from the sector, mining executives across the board call for Gillard to drop the tax altogether, a new report by operational management consultancy, Newport Consulting finds.
The report, “Mining Business Outlook 2010-11” (see attached PDF), released today canvasses the views of mining executives from both small and large resources companies. The report draws on a series of in-depth, face-to-face interviews with 23 executives on their thoughts on the economy, on capital investment, on government initiatives, their focus areas for 2010-11 and the issues keeping them awake.
The report finds that 77% of mining executives interviewed call for Julia Gillard and her Government to drop the mining tax altogether. According to one mining executive, “We don't want a tax of this nature, it would be better to increase royalty payments. This tax will not benefit anyone. The Government needs to drop the tax altogether.”
