Perth Fork Trucks

The 2014-15 effective tax rate is the highest recorded level to date recorded by the survey. Image: 2016 MCA tax survey. By Elizabeth Fabri AUSTRALIAN miners are paying more than half their profits in taxes, according to new data released by Deloitte and the Minerals Council of Australia. The 2016 MCA Annual Tax Survey found the minerals industry faced an effective tax rate of 54.3 per cent in 2014-15; an eight percent rise from the 46.3 per cent paid in 2013-14. Minerals Council of Australia deputy chief executive David Byers said the tax ratio was the highest recorded since the survey began, and the first time it had exceeded 50 per cent. “The effective tax rate has increased markedly over...

The Australian Government today launched its 2022 Critical Minerals Strategy today as part of a package of measures to develop the sector, while the nation’s resources and energy exports is expected to reach a record high of $379b this financial year. The updated Strategy builds upon the first one published in 2019, which aims to put Australia at the centre of meeting the growing demand for critical minerals by 2030, and is part of the 2022-23 Federal Budget. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical minerals markets. “As the global economy changes, there are exciting new growth opportunities emerging in areas such as rare earths and critical minerals that ultimately mean...

FOR more than 100 years AJ Stock has manufactured high quality, custom-designed transport equipment. Best known as a tipper manufacturer, the company recently added water tankers to its build capabilities. Started in 1896 by Arthur James Stock, AJ Stock quickly earned a reputation for making steel products that were tough and reliable. Today, the company is owned and operated by Mark James, who continues to uphold the company’s proud tradition of building long-life, high quality equipment. “We have built over a thousand tipper bodies Australia-wide that are being used in a range of applications. We supply a variety of customers, including local councils, state government bodies, mining companies, water authorities and private contractors,” Mr James said. “We are lucky enough...

Isaac resources precinct fosters collaboration Construction has officially commenced on the $41.7m Isaac Resources Excellence Precinct, marking a major step toward building regional capability in Queensland’s Bowen Basin. The project is set to deliver a purpose-built hub for training, research and industry collaboration in one of Australia’s most productive mining regions. Backed by $39.7m from the Queensland Government’s Resources Community Infrastructure Fund and $2m from the Federal Government, the precinct is being delivered by the Isaac Regional Council in partnership with the Resources Centre of Excellence and Country Universities Centre. The project’s goal is to foster a more skilled and diversified local workforce by supporting education, reskilling and applied research in areas such as mine rehabilitation and future land use....