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.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles