VIC Brown Coal Tax

Brown coal companies will be hit by a dramatic three-fold tax increase...

The tripling of Victoria's brown coal royalty rate - to be detailed in the state budget on Wednesday - will kick in on January 1, netting an extra $252 million over four years ...

Victoria's brown coal mining royalty rates have not increased for a decade. Under the overhaul, which will anger the three big power producers, the rate charged per gigajoule of energy will rise from 7.6 cents to 22.8 cents....

Treasurer Tim Pallas warned power companies to think very carefully before attempting to pass on the added pain to consumers.

Black coal equivalent, anyone?

Good timing IMO, and with our BM Coldry plant about to be upgraded to a high volume test facility.

The requirement for higher testing capacity has been driven by the identification of the need to provide a robust R&D facility that can provide sufficient flexibility and volume of Coldry product to satisfy minimum quantities for end user testing in large test boilers and live generation systems.




http://www.theage.com.au/victoria/v...-brown-coal-for-revenue-20160422-gocymk.html?

http://www.ectltd.com.au/shareholder-update-10/