News: US appetite for Australian mining & energy , page-3

re: News: US appetite for Australian mining &... this extract confirms the view of US investors of the impact of the new resources tax on australian companies.
problem is compounded by fact our govt is still looking at new taxes to afford its programs. not a political comment. pure fact.



"Though Australia is known for its resource and energy sectors, the end of the mining boom has been in question and in the headlines recently. Do you believe from an American perspective the mining boom has peaked?



Stephen Nash: I do not believe the mining boom has peaked. I think that there are a number of factors that have put a dampener on the mining boom that have happened in Australia. One is an increasingly strong Australian dollar. The other is the resources tax [Minerals Resource Rent Tax] that has been put in place. The result of those, a strong dollar and the new taxes that have been put in place has been that foreign investment from a company perspective has fallen off."