Copper $ 5.462 / lb 1.89%
Brent Crude Oil $ 63.75 / bbl 0.71%
Palladium $ 1502.2 / ozt 1.36%
Crude Oil $ 60.08 / bbl 0.64%
Natural Gas $ 5.289 / Btu 4.18%
Silver Futures $ 59.053 / ozt 2.59%
Aluminum Futures $ 2861 / ton 0.00%
Micro Gold Futures $ 4273.8 / ozt 0.14%
Micro Silver Futures $ 59.053 / ozt 2.66%
Platinum $ 1660.5 / ozt -0.17%
Gold Futures $ 4243 / ozt 0.08%
Go to MDC Markets

Australia's proposed carbon tax could raise sovereign risk, ruin coal industry - miners

Mineweb | June 01, 2011 | 1:57 pm Energy Australia Coal 

Mining giants warned Australia on Wednesday that its planned carbon-reduction scheme could cost the industry as much as $25 billion through 2020, cut coal production by a third and send investment in that sector tumbling 13 percent. "Australia is walking...

Mining.com Recommends

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

Your Rankings.

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now