Rio avoids mining tax bill: report

Miner likely to report no mining tax bill, further undercutting forecasts.

Despite healthy iron ore prices and a lower dollar of late, Rio Tinto Ltd is expected to escape the first quarter of the new financial year without having to pay any mining tax, according to The Australian.

Rio also managed to avoid paying any mining tax in the first half of 2012-13, and is expected to report that its calculations show it does not owe any mining tax for the June quarter either, The Australian reported.

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