Oz an example for mining reform

19 May 2014
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Environment and natural resources / Environmental impact assessments / Extractive Industries / Extractive industries policy and administration / Foreign investors / Government / International relations / Investment / Law and judiciary / Laws and regulations / Mining / Ministries and other national bodies / Ministry of Agriculture, Forestry and Fisheries / Ministry of Commerce / Ministry of Environment / Ministry of Mines and Energy / Oil and gas resources / Taxation
Australian aid / Australian Petroleum Production and Exploration Association / Chevron Corp / Department of Mines and Petroleum of Western Australia / Development and Partnership in Action / DPA / Hunt and Humphry / International Mining for Development Centre / Meng Saktheara / Ministry of Agriculture / Ministry of Commerce / Ministry of Environment / Ministry of Mines and Energy / MME / Pricewaterhouse Coopers / Western Australia

Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate.

Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of state at the Ministry of Mines and Energy (MME), said Cambodia’s 30 per cent tax on mineral resources, mining, and oil and gas operations was outdated. … Last week, Australia’s coalition government officially scrapped the country’s controversial mineral resources rent tax (MRRT), which was implemented in 2012 by the previous government. The MRRT placed a 22.5 per cent levy on mining companies’ profits above A$75 million (US$70 million). …

 Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform