GCL gloucester coal ltd
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News: Gloucester says carbon price needs detail

  1. FNN News
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    20/06/11
    10:42
    Post #: 8559686
    .


    Gloucester Coal Ltd (ASX:GCL) chairman James MacKenzie has told ABC TV it is too soon to say what impact the federal government’s proposed carbon price will have on the coal industry.



    Mr MacKenzie said he welcomed steps to address the issue as Australia is, in per capita terms one of the most significant contributors to the carbon problem.



    He added that he applauded Malcolm Turnbull, Kevin Rudd and Julia Gillard’s initiatives to address the issue.



    Gloucester Coal reported a net profit of $23 million for the half year ended December 31, 2010.


    GCL Price at posting: $8.39 Sentiment: None Disclosure: Held
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