New tax spells no exploration for Cape Lambert

MINING entrepreneur Tony Sage is the latest to voice his disapproval of the federal government’s proposed resource rent tax, with his Cape Lambert Resources today walking away from exploration plans at its Cape Lambert South iron ore project in the Pilbara.

New tax spells no exploration for Cape Lambert New tax spells no exploration for Cape Lambert New tax spells no exploration for Cape Lambert New tax spells no exploration for Cape Lambert New tax spells no exploration for Cape Lambert

The Perth-based company said today that planned activities at the project would no longer occur given the outcome of the Henry Tax Review, which is looking to impose a retention tax or a “super tax”