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

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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

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    Carbon tax and MRRT repeal to benefit Australias miners.xls

    XLS 146.50 KB

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

    PDF 416.14 KB

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

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Table of contents

  • 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

Tables and charts

This report includes 5 images and tables including:

Images

  • Coal sector NPV impact (A$ million)
  • Government take impact - coal producers (A$ million)
  • 2014 carbon tax cost by mine (A$/tonne)
  • Share of total cash cost 2014 (%)

Tables

  • Australia: Carbon Tax and MRRT repeal to benefit Australia's miners: Table 1

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