Cliffs weighs in on tax debate

CLEVELAND-based iron ore and coal producer Cliffs Natural Resources has entered the chorus of disapproval for the proposed resource super-profits tax, with chairman and president Joseph Carrabba writing a letter to shareholders urging them to “educate” Australia’s political leaders.

Cliffs weighs in on tax debate Cliffs weighs in on tax debate Cliffs weighs in on tax debate Cliffs weighs in on tax debate Cliffs weighs in on tax debate

Cliffs said its Western Australian iron operations generated $US542 million ($A656.4 million) in annual revenue, around 23% of the company’s total revenue in 2009.