Interesting news from Australia’s mining industry…

The Australian federal government said its Minerals Resource Rent Tax (MRRT), designed to tax the so-called ‘super profits’ generated by iron ore and coal producers, had raised just A$126 million (US$130 million) in its first six months.

We just reported a few days ago that the Workers in the Australian oil and gas industry are the highest paid in the world , and now we are receiving news of a super profits tax hike. What will this mean for the Australian mining industry?

Mactech’s Take:

Downtime means the loss of profit. Did you know that Mactech’s on-site machinery is heavily utilized in the mining industry?  We have experience repairing heavy equipment, ball mills, large bearings, and drag line housing.  Our Perth location would love to talk to you about your mining machining needs.

Read more from the source: