OneSteel Ltd
(ASX:OST) says it wants to work with the government to ensure it is not adversely affected by the new mining resource rent tax.
Currently OneSteel mines its own magnetite iron ore and also produces the end product.
The Australian reports that CEO Geoff Plummer wishes to negotiate a simplified deal for the company’s Whyalla steelworks.
In reports, Mr Plummer says the company still believes there are lingering issues for OneSteel’s iron ore exports that will fall under the new tax and negotiations must continue.
OneSteel reported a profit of $229.50 million for the 2009 financial year.
