Australia’s Carbon Tax May Slash Coal-Industry Value by $8.7 Billion

Industrial Metals

Bloomberg reported that a planned carbon tax in Australia may reduce the value of the country’s coal industry.

Bloomberg reported that a planned carbon tax in Australia may reduce the value of the country’s coal industry.

The market news is quoted as saying:

The effect of carbon pricing will vary significantly depending on gas emissions from different mines, with gassy underground mines hit hardest, including those operated by Caledon Resources Ltd. and Gujarat NRE Ltd.

To read the full market news, click here.

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