Simon Birmingham (SA, Liberal Party, Shadow Parliamentary Secretary for the Murray Darling Basin) Share this | Hansard source

My question is to the Minister representing the Minister for Resources and Energy, Senator Wong. Is the minister aware of the report issued today by Morgan Stanley which demonstrates that under Rudd Labor’s new tax on mining the $20 billion Olympic Dam mine expansion in South Australia would have ‘no economic value’ and, further, ‘would be unlikely to be developed’? Doesn’t this analysis, independent of BHP Billiton or the mining industry, demonstrate that this new tax will make it harder to gain the investment necessary to get new projects off the ground?