Palmer puts WA project on hold due to resource tax

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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Perth braces for four-day heatwave

A FOUR-DAY heatwave is forecast to hit the Perth metropolitan area in the coming days, with authorities warning of a high bushfire danger.

Today the mercury is set to rise to 38C, followed by 41C on Sunday and Monday, then dropping back to 38C on Tuesday.

Bureau of Meteorology duty forecaster Andrew Mostyn said the searing conditions could prompt extreme danger on Sunday and Monday.

“It doesn’t appear as though it will be catastrophic for the fires but with the hot dry weather, it will probably be extreme,” Mr Mostyn said.

“On Sunday and Monday northeasterly winds will drag hot air from the inland Pilbara region down towards Perth.                                                                                                

“However, along the coast, there will be an afternoon sea breeze but it won’t penetrate enough inland to really affect the Perth temperature in the afternoon.”

Local swimming pools and metropolitan beaches are expected to be packed on Sunday as people seek relief from the heat.

The hottest January day ever recorded in Perth was 45.8C on January 31, 1991.

Source  :  www.news.com.au

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