Just a short calculation.
Imagine, there is a coal price of 175 A$, 15% royalty = 26A$, net price 175 A$-26 A$= 149 A$
Then, the prise rise to 300 A$, even costs are rising, because of inflation.
The Royalty is 40% of 300 A$=120 A$, net price 180 A$.
So, from the rising price of 125 A$, 94A$ (75%) is going directly to the state.
With rising inflation, costs will rose a lot.
It look like robbery.
Do you want to kill your mining industry in Australia?
Mike
- Forums
- ASX - By Stock
- CRN
- News: CRN UPDATE 1-Australian state's coal royalty hike could nudge others to follow suit - analysts
News: CRN UPDATE 1-Australian state's coal royalty hike could nudge others to follow suit - analysts, page-3
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRN (ASX) to my watchlist
|
|||||
Last
$1.35 |
Change
0.035(2.66%) |
Mkt cap ! $2.204B |
Open | High | Low | Value | Volume |
$1.34 | $1.35 | $1.34 | $205.4K | 153.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 8634 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.35 | 19755 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3649 | 1.335 |
11 | 49285 | 1.330 |
6 | 34304 | 1.325 |
5 | 9617 | 1.320 |
3 | 90420 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.340 | 6403 | 10 |
1.345 | 46036 | 13 |
1.350 | 68671 | 17 |
1.355 | 9157 | 5 |
1.360 | 77307 | 7 |
Last trade - 10.17am 16/08/2024 (20 minute delay) ? |
Featured News
CRN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online