SOURCE: Industrial Info Resources

Industrial Info Resources

July 07, 2010 05:30 ET

Xstrata Pleased With Australia's Redesigned Resources Tax, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - July 7, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Newly appointed Australian Prime Minister Julia Gillard's recently revised resources tax has already received a positive response from Anglo-Swiss mining company Xstrata plc (LSE:XTA) (Zug, Switzerland). Within a few hours of the details of the newly amended tax being released, Xstrata announced that it would resume full project activities at the company's Ernest Henry underground mine.

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