RSPT will cut ore revenue: Citi

THE brawl over the likely impact of the federal government’s proposed resource rent tax is still heating up, with analysis from Citi Group contradicting claims by Treasury that the tax will lead to increased activity in the sector, saying the RSPT will result in a $A27 billion drop in iron ore exports.

RSPT will cut ore revenue: Citi RSPT will cut ore revenue: Citi RSPT will cut ore revenue: Citi RSPT will cut ore revenue: Citi RSPT will cut ore revenue: Citi

As the claims and counter-claims swirl, South Australia’s peak mining lobby says it will carry out an “impact audit” of the resource super-profits tax, which it says is putting at risk at least $40