carbon tax

How many tonnes of coal extracted produces 1 tonne of carbon?



Hi Nauv

Mickel wrote

"My view is that, no matter how bad the details of the Carbon Tax announcement on Sunday will be, at least the worst case scenario will be known.

Companies, particuliarly Coal Mining companies assessing a potential new coal mine (Teresa), will then know how the tax will affect the proposed project and be able to determine what they can profitably pay for the proposed mine.

So, hopefully within the next 2 weeks, we will have a sale of Teresa. Of course, one PB will have to agree with the highest bidder.

Fingers crossed.

LNC holder."



I found this link on the same link as your page:

http://www.couriermail.com.au/ipad/tax-wont-affect-coal-giants-analyst/story-fn6ck51p-1226078117039

"Ms Prior, an analyst with Citigroup, said a carbon price at $20 a tonne would affect companies like BHP Billiton and Rio Tinto by about 0.4 per cent of profit, rising to 1 per cent at $50 a tonne.

"The smaller, pure-coal companies are more exposed. A carbon cost of $20 a tonne would reduce company net profit by 2 per cent to 4 per cent," the report said."