MARKET TALK: Super-Tax Change Clearly Good For Miners

2nd Jul 2010 07:57

0657 GMT [Dow Jones] The replacement of the Australian resource super profits tax with another regime is clearly good news for all Australian mining companies, says Seymour Pierce. Says this is particularly good for non-ferrous producers such as Norseman Gold (NGL.LN), rated at buy. Says a policy transition group will now be created to consult with the industry and to advise the government on implementation of the scheme. Norseman closed on Thursday at 50p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 02, 2010 02:57 ET (06:57 GMT)