Tag: Clive Palmer

• Wednesday, September 3rd 2014 - 05:55 UTC

  Australia scraps contested mining tax; major win for Abbot's conservatives

  

  Australia on Tuesday agreed to scrap a contested resources profits tax after the government struck a surprise deal with crossbench senators, including mining tycoon Clive Palmer. The Minerals Resource Rent Tax (MRRT) was introduced by the previous Labor administration in 2012, with a levy on annual profits above 70 million dollars on iron ore and coal at a rate of 30%.

• Tuesday, May 1st 2012 - 08:53 UTC

  The Titanic II will mark the entrance of China to the cruise-ship industry

  

  Australian mining billionaire Clive Palmer plans to build a 21st-century replica of the Titanic and sail it from England to New York accompanied by the Chinese navy by the end of 2016.