Pengana's Schroeders Interview on Australia Mining Tax

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May 3 (Bloomberg) -- Tim Schroeders, who helps manage about $1.1 billion at Pengana Capital Ltd. in Melbourne, talks with Bloomberg's Heidi Couch and Haslinda Amin about the impact of Australia's proposed changes to federal mining industry taxes on the industry. BHP Billiton Ltd. and Rio Tinto Group led declines in mining stocks in Sydney trading on concern Australia’s plans to impose the world’s heaviest tax regime on resource companies will cut billions of dollars from profits. The 40 percent tax on resource profits will start from 2012. (Source: Bloomberg)

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