Xstrata Pleased with Australia's Redesigned Resources Tax

PERTH, AUSTRALIA--July 7, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Newly appointed Australian Prime Minister Julia Gillard's recently revised resources tax has already received a positive response from Anglo-Swiss mining company Xstrata plc (LSE:XTA) (Zug, Switzerland). Within a few hours of the details of the newly amended tax being released, Xstrata announced that it would resume full project activities at the company's Ernest Henry underground mine.