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Queensland Joins Andrew Forrest in Mining Tax High Court Battle

By International Business Times,  July 08, 2012, 08:36:55 PM EDT

Andrew Forrest of Fortescue Metals has found an ally in its High Court battle against the mining tax in the Australian state of Queensland. Despite a meeting on Monday between Prime Minister Julia Gillard and Queensland Premier Campbell Newman, the state will go ahead and join Fortescue in the High Court challenge.

Queensland Attorney-General Jarrod Bleijie said on Sunday that the state decided to join Fortescue because of a crown law advice that it could intervene in the debate over state-commonwealth rights. Queensland is wary that the tax, at 30 per cent on profits from iron ore and coal, could apply to state-owned electricity generators that mine coal supplies and are affected by the carbon tax.

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