Australia’s NSW to Impose Higher Royalties on Coal Miners Due to Carbon Tax

Platts reported that New South Wales will collect higher coal mining royalties to offset Australia’s carbon tax.

The market news is quoted as saying:

The state’s Treasurer, Mike Baird, said in his first budget Tuesday that New South Wales will outline changes to its coal royalties regime after the Australian government finalizes legislation for its carbon tax and Minerals Resource Rent Tax — expected by the end of the year.

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