Rio Tinto in P1.5 billion Australia investment after tax deal

SYDNEY - Mining giant Rio Tinto is investing $200m (P1.5 billion) in an expansion of iron ore operations in Western Australia - less than two weeks after a row over a proposed mining tax was settled.

Rio said the money would be used for works at its Cape Lambert port to boost output in the Pilbara region.
It had threatened to trim investment if a 40% mining tax was imposed.

But after Julia Gillard replaced Kevin Rudd as Australian prime minister, a fresh deal was thrashed out.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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