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
CRN Price at posting:
$1.67 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)