Largest coal exporter is against changes in Australian mining tax law

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/RS

Xstrata PLC., the world largest coal exporting company, expressed concerns regarding some new details included in a draft of the mining tax law in Australia. The law was discussed earlier by the Australian government and the largest coal miners. However, small companies complained the tax gives advantages to large producers and decreases the tax revenue for the government.

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