Australia: Agreement Reached on Mining Super Tax

Australian Prime Minister Julia Gillard has reportedly reached an agreement with the country's three largest mining companies over a new super tax. Australia's geographic situation calls for a balance between foreign capital for the extraction of its resources and other strategic goals. If a deal has been reached, Gillard and her party should be able to move forward in other areas ahead of federal elections. If not, Gillard may find herself facing the same pressures that led to her predecessor's removal from power.