Coal Gas Dispute Threatens Mine Tax

Sydney Morning Herald reported that independent stakeholders are delaying the implementation of Australia’s coal mining tax by making more demands.

As quoted in the market news:

Mr Windsor’s key demand is for $200 million to $400 million to be allocated each year from the tax revenue to fund bio-regional assessments, an idea he raised last week. These assessments would scientifically gauge the impact of proposed coal seam gas and other mining practices on aquifers, flood plains, native vegetation, farmland and native species.

Click here to read the full Sydney Morning Herald report.