Iron Ore Giants Reject Proposed A$7.2 Billion Mining Tax Hike

  • New WA Nationals leader proposes raising iron tax on Rio, BHP
  • Plan is ‘ill conceived’ and detrimental to growth: Rio Tinto

The world’s two largest mining companies rejected a proposed A$7.2 billion ($5.5 billion) tax increase on their Western Australian iron ore operations, saying it’s likely to put jobs and competitiveness at risk.

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