Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.
Coal sector M&A activity has picked up this year, with no end in sight. Rio Tinto (RIO) made a proactive acquisition when it bought an emerging coking coal player in Mozambique and it recently tendered for the 25% of shares of Australia’s Coal & Allied Industries that it doesn’t already own.
