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Asia & Pacific Rim - 02 July 2010

Australia introduces Mineral Resource Rent Tax

Following constructive discussions with the mining industry, Australia's newly appointed prime minister, Julia Gillard, has moved to scrap the controversial Resource Super Profits Tax (RSPT), replacing it with a Mineral Resource Rent Tax (MRRT).

 

Indian producers release June shipment figures

Indian cement manufacturers have released their shipment and production figures for June. A range of results – both increases and decreases – have so far been reported.