Iron Investing News » Fortescue Metals Urges Government to Drop SPT

Fortescue Metals Urges Government to Drop SPT

May 26, 2010 @ 5:56 pm In Iron Company News

Fortescue Metals Group ^[1] (ASX: FMG), an Australian iron ore mining company, is calling for other shareholders to share their voices against the super profits tax (SPT).

Fortescue chairperson Herb Elliott is quoted saying:

"It harms the mining industry and especially Fortescue, and we are urging the government to drop this proposal and to open a new forum for dialogue with all industries to discuss tax reform."

Click here to access the entire news ^[2]

Article printed from Iron Investing News: http://ironinvestingnews.com

URL to article: http://ironinvestingnews.com/864-fortescue-metals-urges-government-to-drop-spt.html

URLs in this post:

[1] Fortescue Metals Group: http://www.fmgl.com.au/IRM/content/Home.htm

[2] Click here to access the entire news: http://www.miningweekly.com/article/fortescue-chair-calls-for-new-tax-reform-dialogue-2010-05-25