Tom Albanese chief executive of Rio Tinto urged City investors to join a campaign to persuade the Australian Government to ditch a super tax on its mining industry which new data reveals is as important to the FTSE 100 as the retail sector according to The Times (24 May). Analysts estimated that Rio's global tax rate would increase from 30% to 43%. Other large miners would be affected and while the super tax will apply only to Australian operations these 'represent a large proportion of the assets owned by FTSE 100-listed miners'.
