Extract AUST Business today:
COAL BOSS APPLAUDS INDUSTRY PUSHBACK
New Hope profit down 56pc
Cameron England
New Hope chief executive Rob Bishop has lauded the increasing willingness of industry groups to “stand up” for themselves and push back against policies endangering business, as the company predicted a strong year ahead for its Queensland and NSW coal mines.
“The coal industry in particular hasn’t been shown much love by governments across both state and federal,” Mr Bishop said on Tuesday, raising concerns over industrial relations and royalty policies, and levels of industry consultation.
“The contribution from coal is immense, and the more impacts which are thrown at us by governments only stand to diminish that contribution which coal makes and the broader mining industry.”
New Hope was a founding member of Coal Australia, which launched last month with a remit to promote the contribution of the coal sector to the Australian economy and advocate for constructive policy development on its behalf.
Mr Bishop’s comments came as Business Council of Australia chief executive Bran Black warned on Tuesday night that companies were cautious about hiring and looking to invest elsewhere, as policies such as Same Job Same Pay and the right to disconnect took their toll, along with onerous regulations and taxes….….
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NHC Price at posting:
$4.32 Sentiment: Hold Disclosure: Held
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