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Originally posted by Krusty the Klown
reply to post by UniverSoul
That's why the current Federal government wants to introduce a mining resources rent tax, because the Australian Commonwealth is not being properly compensated for what is coming out of the ground.
Currently the miners are selling something on the world market a commodity they pay 1/10th of the sale price for. And most of that cost is for labour and infrastructure, not the actual commodity.