Original article by James Thomson
The Australian Financial Review – Page: 14 : 9-Aug-16

Western Australia National Party MP Brendon Grylls has proposed imposing a levy on iron ore producers BHP Billiton and Rio Tinto. The tax is believed to be $A5 per tonne, which would generate about $A3bn in revenue for the State Government each year. Fortescue Metals Group would benefit from the increase in the break-even price of both BHP and Rio, potentially above that of Fortescue itself. The tax could also prompt BHP and Rio to reduce production in the Pilbara. Although it appears that Fortescue and smaller iron ore miners would be exempt from the proposed tax, this could change.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, NATIONAL PARTY OF AUSTRALIA, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, LIBERAL PARTY OF WESTERN AUSTRALIA, AUSTRALIAN LABOR PARTY