so the new IR laws that labor promised they wouldn’t do and now doing is the liberal government fault? BHP estimated that’ll cost them 1.3 billion a year. Or how about a 50% royalty for coal in QLD making it the most expensive tax in the world? Or domestic supply and price caps for coal? Anti oil, gas and coal agenda? This is all the last 12 months. So no, things were not this bad. You’ve got the polite Japanese who never say a word even intervening. You have most proposed large coal projects on hold or cancelled due to this hostile government hell bent on renewable ideologies over logic. Our recent energy caps and supply police’s were akin to a third world country.
not sure how some of you can support this given you invest in businesses let alone mining businesses.
BHP Price at posting:
$43.25 Sentiment: Buy Disclosure: Held
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