Gold miner says MRRT will inevitably spread to cover other minerals

A West Australian gold miner says itconcrete plant for sale in germany's inevitable the new mineral resource rent tax (MRRT) will move on from coal and iron ore to other commodities, including gold. Robert Nash, from Golden Eagle Mining in Western Australia, says he's also concerned about the negative impact the tax will have on start-up miners, who won't be able to write off new assets.

Under the deal struck with the Federal Government and BHP Billiton, Rio Tinto and Xstrata, existing assets owned by the company will, in effect, be tax deductible. Mr Nash says outside the big three, many mining companies are very concerned the tax will come under pressure in the Senate to be extended, at some stage, to other commodities. "You know, what's going happen when you've got other countries that come on that can compete against our iron ore producers?. "Then the tax will slide into the next hot commodity...