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FMG attacks MRRT

FORTESCUE Metals Group has come out swinging against the Gillard government’s proposed mineral resource rent tax today, saying a lack of details regarding the government’s ability to raise $A10.5 billion by 2014 through the tax was scaring off financiers needed to provide project finance.

MiningNews.Net
FMG attacks MRRT

In a presentation to the Senate Select Committee on Fuel and Energy, FMG chief financial officer Stephen Pearce said the company was unable to determine the full impact of the MRRT on its Pilbara iron...

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