forget the tax, mining investment powers on

For anyone losing sleep over the effect the MRRT is having on investment in Aussie, you will find this article very positive news.

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Source Mining News - Mining Industry Today, 26/8/2010
www.einnews.com

Australia : Forget the Tax, Mining Investment Powers on......

When the resources industry was threatening a capital strike during the resources rent tax argy-bargy, it was quietly planning a massive surge in investment.

Australian Bureau of Statistics capital expenditure survey for the June quarter shows miners in that fraught period were expecting to invest a massive $54.8 BILLION this financial year, up 29% on their actual 2009-10 capex and a whopping 48% higher than the corresponding expectation survey for that year. What's more, the expectations for capex this year are up 12% on the estimate made in the March quarter.