this might not sound good but the fact is you have to have a profit to get taxed...a "super profit".......40% tax on profit is a hell of a lot better than the raping you get in venezuela....

matter of fact....40% tax on profit seems pretty reasonable (if any tax is reasonable) when you consider "income tax rates" or "capital gains"....

if australia wants to pull a "mini chavez" they should force every company to put 100's of millions down...make the miners pay for years while they wait for a permit then kick them out...

if i was australian this "mini chavez" statement would really ps' me off....i'm very suprised a "beijing based research firm" would say this, given china's recent investment in venezuela.....