TAKING ON THE WORLD
Written on the 10 June 2010
UNCERTAINTY surrounding the Resources Super Profits Tax (RSPT) has led mining technology company Runge Limited (RUL) to downgrade the upper end of profit forecasts by $8 million for 2010. But with around 40 per cent of revenues coming from abroad, Tony Kinnane plans to boost the company’s foreign outlook, with a new office set to open in Russia in July. He tells Brisbane Business News about a 19-strong international office network which now includes Mongolia.
In his Ann Street office Tony Kinnane has a Russian flag folded on the desk, ready to make its way to a new Runge office in Moscow as soon as the paperwork is signed.