Miners see light at end of 'super tax' tunnel

BEIJING - China's largest iron ore trader Sinosteel and China's fourth-largest steelmaker Anshan Iron and Steel Corp said they are willing to continue to invest in Australia, although that nation's "super tax" will definitely affect the companies' earnings.

"We are reviewing how the tax will impact our companies, and undoubtedly, it will affect costs and profits in our local projects," said Sinosteel president Huang Tianwen on Monday at a conference in Beijing.

"But from a long-term perspective we are still committed to exploring more overseas resources."