News and comments bode well for upcoming coal miners like MNM.
Greg Combet: Former coal engineer, union official and MP with coal workers in his NSW electorate.
Coal industry is safe - Combet Australia's new Climate Change Minister Greg Combet has vowed to bring 'common sense' to the climate change debate, and has warned that he will fight for coal industry jobs as he pursues a price on carbon.
The Australian newspaper says the former union leader has predicted the coal industry 'absolutely' has a future as he pursues his three key policy reform objectives: pursuing renewable energy; energy efficiency; and the development of a carbon price for Australia.
Insisting the Climate Change portfolio is an economic reform challenge, he said: 'You don't take the back of the axe to the fundamentals of the Australian economy.'
MNM Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
