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4 Pages

Australia: Carbon Tax and MRRT repeal to benefit Australia's miners


Australia: Carbon Tax and MRRT repeal to benefit Australia's miners

Report summary

We expect the planned repeal of the carbon tax and minerals resource rent tax (MRRT) will improve the valuation and cost competitiveness of Australia's coal sector. Repealing the carbon tax will have the most impact, and contribute to 98% of the sector's value improvement. Underground methane intensive metallurgical coal mines in the southern coalfield of NSW stand to benefit the most in absolute cash cost terms, with margins set to improve by approximately A$7/tonne in 2014. However,...

What's included?

This report includes 2 file(s)

  • Australia: Carbon Tax and MRRT repeal to benefit Australia's miners PDF - 416.14 KB 4 Pages, 1 Tables, 4 Figures
  • Carbon tax and MRRT repeal to benefit Australias miners.xls XLS - 146.50 KB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.

Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Executive summary
  • Introduction
  • Carbon tax, not MRRT, expected to contribute most to value uplift
  • Average cash cost savings small, but vary by mine type
  • Companies with greater thermal coal exposure benefit the most

In this report there are 5 tables or charts, including:

  • Executive summary
  • Introduction
  • Carbon tax, not MRRT, expected to contribute most to value uplift
    • Coal sector NPV impact (A$ million)
    • Government take impact - coal producers (A$ million)
  • Average cash cost savings small, but vary by mine type
    • 2014 carbon tax cost by mine (A$/tonne)
    • Share of total cash cost 2014 (%)
  • Companies with greater thermal coal exposure benefit the most
    • Australia: Carbon Tax and MRRT repeal to benefit Australia's miners: Table 1
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