Mining magnate Clive Palmer says his iron ore company has put a West Australian project on hold because of the federal government’s resources super profits tax.
Mr Palmer continued his attack on the government today, saying he is prepared to put everything he has got into fighting the new tax.
He said the board of directors of his company Mineralogy decided to put the brakes on one of his planned Balmoral South iron ore projects in the Pilbara region on Tuesday due to growing uncertainty over the tax.
Source : www.watoday.com.au
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