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$23 starting price then 1.5% increase every year,so after just 10 years, $26.45 @ 20 million tons per year that LOY YANG POWER emitt.

work it out ,LOY YANG POWER cannot pass on the costs to ALCOA ,THEY HAVE TO ABSORB the entire carbon tax when they are providing ALCOA WITH 50% OF their entire output.

After the senate formalise the carbon tax later next month , IAN NETHERCOTE will have to change business as usual.
CARLTURKE agree economics of building 2 coldry plants.

$250 million plus $900 million entitlement for LYP .
ALL CONDITIONAL as long as LYP show how they can ECONOMICALLY REDUCE carbon emissions without jepordising continueity of supply.

BIG FUTURE AHEAD locally for ECT, plus export with TINCOM.