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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,685.61
(
-1.06%
)
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Hilander

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Alias Born 07/17/2006

Hilander

Re: None

Sunday, 03/11/2007 11:58:18 AM

Sunday, March 11, 2007 11:58:18 AM

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S. African Mining Stocks Might Be Paying Extra Tax:

Digging Down:
Global markets are increasingly linked and affected by each other
Also hurting UK shares was a newspaper report that South Africa may consider asking companies in the mining industry to pay an extra tax.

The news hit shares of mining firms, with Xstrata losing 6.7%, Vedanta Resources shedding 4.9%, Anglo American down 4.7%, BHP Billiton falling 6.2%, and Rio Tinto sliding 4.8%.

South African newspaper Business Day said the government may ask mining companies to pay an additional tax on top of the royalties they already pay when commodity prices climb above a certain level.

Entire BBC News Article: By: Peter Dixon, Commerzbank

http://news.bbc.co.uk/1/hi/business/6400789.stm?ls


Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.

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