(EnergyAsia, August 11 2010, Wednesday) — Australia’s coal miners may have to pay out an additional A$7.4 billion over five years as a result of a new 30% mining tax on resource profits, according to an estimate from consulting firm Wood Mackenzie. (US$1=A$1.09). Already battling cost inflation and low productivity, the coal mining industry will…
AUSTRALIA: Coal miners to shell out A$7.4 billion on new 30% mining tax on resource profits
Posted on August 10, 2010 by EnergyAsia