A peculiarity in its structure will permit Fortescue Metals Group Ltd. to lessen its capital super proceeds tax charge, stated the reports from The Australian.

The central Government told the miner that it can drop the sum of tax payable by charging itself profitable rates it makes use of its own railways in Western Australia, as the network is possessed by a separate corporation under Fortescue.

The miner had to arrange a supplementary to have possession of the Pilbara rail network as part of an accord with the state Government.

The bargained tax responsibility won't affect the firm's latest verdict to stop the progress of the $17.2 billion Soloman and Western Hub projects, but will offer Fortescue a gain over Rio Tinto Ltd and BHP Billiton Ltd, which directly possess their Pilbara rail networks, reports from The Australian.