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Australia Says Coal Mines May Close Under Carbon Plan
Jun. 14, 2011 07:30AM PST
Industrial Metals InvestingBloomberg reported that new carbon emissions regulations may force some Australian coal mines to close.
Bloomberg reported that new carbon emissions regulations may force some Australian coal mines to close.
The market news is quoted as saying:
The government is negotiating with industry about how to treat mines that will be affected by the plan, Ferguson said. The Australian Coal Association says the plan may force the closure of 18 mines in the next decade.