Tax will hurt new mine funding: Western Areas

NICKEL play Western Areas is mulling over whether or not to fund the development of its third nickel mine in light of the proposed resource super-profits tax, which it believes will make it harder to fund the development of new mines.

Tax will hurt new mine funding: Western Areas Tax will hurt new mine funding: Western Areas Tax will hurt new mine funding: Western Areas Tax will hurt new mine funding: Western Areas Tax will hurt new mine funding: Western Areas

In a letter to shareholders, Western Areas managing director Julian Hanna said the company was considering whether or not to begin construction of the Diggers South mine in Western Australia.