Media Releases
AMEC Delivers Approvals Reform Blueprint
The Association of Mining and Exploration Companies (AMEC) has today released a Blueprint for Approvals Reform in WA. The document provides a strategic framework for Government to address the next phase of approvals reform over the coming 12 months andread more >
AMEC condemns lack of transparency of MRRT legislation
“There has been a total lack of transparency from the very start of the minerals resource rent tax (MRRT) legislative process,” said Simon Bennison, AMEC CEO. “It was announced today that the Greens did a secret deal with the Governmentread more >
Regulation hypocrisy!
“The federal government`s agreement to establish a scientific committee for the referral of mining and exploration activities interacting with aquifers is set to create another layer of bureaucracy for industry,” said Simon Bennison, AMEC CEO. “If passed, the legislation willread more >
Tony Crook MP leads mining tax fight in Canberra
In the aftermath of the MRRT legislation AMEC CEO Simon Bennison has paid tribute to the tenacity and fortitude of Tony Crook MP, Federal Member for O`Connor. “Tony Crook led the fight in parliament to amend the MRRT legislation inread more >
Parliamentary Committee wrong on the MRRT!
“The House of Representative Economics Committee Report on the Minerals Resource Rent Tax (MRRT) and related Bills is obviously confused and has failed to identify any unintended consequences of this most complex piece of legislation. “In its presentation and writtenread more >
Amendments to MRRT not far enough!
“The announcement today by Independents Tony Windsor, Rob Oakeshott and Andrew Wilkie stating they will be supporting the MRRT legislation through the House of Representatives is disappointing, and our members have serious concerns in relation to the passage of theread more >
AMEC launches national advertising campaign
“Representing smaller and emerging Australian iron ore and coal miners, AMEC has today launched a national advertising campaign drawing attention to the unfair and anti competitive nature of the proposed mining tax”, said Simon Bennison, AMEC CEO. “The Federal Governmentread more >
MRRT submissions to the House of Representatives Economic Committee
On Wednesday 9 November AMEC provided comment to the House of Representatives Economics Committee on the Minerals Resource Rent Tax Bills 2011 (MRRT Bill). It is very apparent that despite constructive and proactive AMEC comments and recommendations in various submissionsread more >
Independent financial modelling – Is MRRT competitively neutral?
By Dr. Pietro Guj, Research Professor, Centre for Exploration Targeting (CET), The University of Western Australia
Abstract
Financial modelling of the iron ore mine development example provided by the Commonwealth in their MRRT legislation Exposure Draft and Explanatory Material, indicates that there may be significant differences between the Net MRRT and consequently the total level of taxation (corporate income tax + Net MRRT + Royalties) paid by projects which existed before 2 May 2010 (when the MRRT was first announced) and those that will start after the introduction of the MRRT on 1 July 2012. Continue reading
Discrimination against emerging miners still ignored
“The discriminatory and anti-competitive nature of the Government’s proposed mining tax on small emerging miners continues to be ignored in the latest Minerals Resource Rent Tax (MRRT) legislation tabled in Parliament today”, said Simon Bennison, AMEC CEO. “Despite consistent requestsread more >
