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Mining Tax: Olympic Dam Gets Off Scot-Free

Penny Wright 16 Mar 2012

With copper, uranium, gold and silver not covered by the Mineral Resources Rent Tax, profits from biggest hole in the ground ever dug on the face of this planet, the Olympic Dam mine, will be excluded the Greens said.

Greens Senator for South Australia, Senator Penny Wright, told the Senate last night, that while the tax was a first step towards more efficient taxation of the benefits of the mining boom, not a single cent derived from the Minerals Resources Rent Tax (MRRT) would come from the Olympic Dam mine.

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