Miners defend tax contributions amid MRRT flop

DESPITE not paying Minerals Resource Rent Tax and not expecting to any time soon, Fortescue Metals Group has maintained its fierce opposition to the legislation, while BHP Billiton says it is too early to label the tax a failure.

Miners defend tax contributions amid MRRT flop Miners defend tax contributions amid MRRT flop Miners defend tax contributions amid MRRT flop Miners defend tax contributions amid MRRT flop Miners defend tax contributions amid MRRT flop

FMG chief executive officer Nev Power said the tax was ill-conceived.

"The fact it has not collected any revenue is a good thing," Power told reporters on a teleconference yesterday.