UBS adds the Russia and the Kazakhstan to this list

The turbulence caused by Canberra with his project to introduce in 2012 a super-impôt of 40 on the profits of the extractive companies are not limited to sweep the Australian beaches. The debate has taken a global dimension. First because the Australia is the main exporter of mineral resources. Its ores and mineral fuel massively and first Chinese industry. Then because the decision of the fact Australia spot of oil and reinforces the focus of several other producers of industrial raw materials on the cash of the mining groups.

"China daily" daily, close to the regime, and expressed the willingness of Beijing to quickly change the structure of taxation applied to benefits of extractive companies. The Chile, first copper producer countries, is about to establish an outstanding mining tax to finance the reconstruction of the affected areas by the recent earthquake. The Brazil, one of the major exporting countries of iron with the Australia and South Africa, plans to raise the royalties of the mining concessions. Without effective nationalization projects more or less explicit this industry developed or under discussion in several emerging countries, including the South Africa.

Consultations of Canberra

The price impacts from the growing "nationalism" of natural resource-rich countries is not negligible. As Goldman Sachs JBWere, raw material prices are "vulnerable" to the super-taxe. And this especially in base metals and precious metals, due to the smaller size of the companies that produce and the already relatively high production costs. According the business bank, the impact will be less, on the other hand, in coal coke, iron ore, zirconium and bauxite, which are extracted by groups of large size at low cost.

Investment decisions will be negatively affected by the new tax, complete Matthew Moore, at Moody's. He pointed out that the Australia contains in its soil the richest reserves of zinc, lead, silver, nickel, natural uranium and coal and the second largest iron ore. Including two mining giants, BHP Billiton and Xstrata, which respectively half and one third of the assets are located in this country, "can make a choice between extracting minerals or move some operations in countries with lower production costs."

The world mining map could also to highlight modified. Countries such as the Brazil, the Canada or even China could benefit from the alienation of the mining companies to the Australia, continued the expert of the financial rating agency. UBS adds the Russia and the Kazakhstan to this list.

In the current state of the project, the new tax would generate some 85 billion Australian dollars (57 billion euros) of revenues between 2010 and 2020, said Morgan Stanley. A loss of profits that the sector will be all to avoid. Aware of the risks of destabilization of this crucial sector of the economy of the country, the Government officially opened consultations with the companies concerned. He started Friday with the absolute leader, BHP Billiton. At the exit of the meeting, the Colossus of mines said favourable to reform that takes into account the different margins of each and ores extracted minerals, which preserves the Australian competitiveness and integrates the investments made, including in infrastructure.