Brockman Sinosteel deal not changed by RSPT

Brockman Resources has denied that the proposed super profits tax has changed its relationship with Sinosteel and the development of the Pilbara iron ore project.

Brockman Resources has denied that the proposed super profits tax has changed its relationship with Sinosteel and the development of the Pilbara iron ore project.

The miner released a statement today in which it “steadfastly refutes claims made in a Dow Jones newswire report on 19 May which suggested that, as a result of speculation over the possible introduction of the RSPT, there had been a change in Brockman’s strategic relationship with Sinosteel.

“That suggestion is completely incorrect,” it reports.

The miner also outlines its opposition of the RSPT, believing it is not in the best interests of the nation, either in the short or long term.

Brockman is continuing to focus on the development of its Marillana Project, with the definitive feasibility study now 68% complete, with an aim to complete the study during the third quarter of this year.

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