BHP backs Australia tax agreement

[miningmx.com] — TOP global miner BHP Billiton said it would work with Australia’s Labour government to ensure the mineral resources rent tax (MRRT) that is put in place matches the agreement that companies signed off on last year.

“We remain committed to working constructively with the government on the implementation of the MRRT in accordance with the Heads Of Agreement,” the company said in a statement e-mailed to Reuters.

Australia’s biggest mining companies won a major concession over a planned new 30% profits tax on Thursday, with the government agreeing to refund any future increases in state-based royalty charges.