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Miners May Be Winning Aussie Mining Tax Battle

Combined with the Aussie tax and the European debt crisis, fears of a slower China have contributed to a volatile few weeks in commodities and commodities-linked stocks.

Meanwhile, the ramifications of a piece of domestic policy from a nation on the other side of the planet continued to make global waves. Caterpillar (CAT - Get Report), for instance, has said that the Aussie mining tax could hurt sales of its giant mining trucks, Reuters reported Tuesday, while the mining-equipment specialist manufacturers, Joy Global (JOYG) and Bucyrus (BUCY), both based in Milwaukee, have said the same.

-- Written by Scott Eden in New York

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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.
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