Emissions tax will cost jobs in mining
THE Australian Coal Association yesterday stood by its independent research and forecasts of the threat to coal mining jobs caused by the Federal Government’s proposed new emissions tax on coalmines.
The association’s executive director, Ralph Hillman, said a financial analyst’s report suggesting minimal impact on the industry was based on “patchy and incomplete” data which did not assess the full impact of the CPRS on coalmine operations.
A statement said the Citi Investment Research & Analysis report, Australian Coal Mining Under CPRS, was based on public information sources for only five companies’ coal interests – BHP Billiton, Centennial, Macarthur Coal, Rio Tinto Australia and Wesfarmers.
“The ACIL Tasman independent study for the ACA on the other hand is based on 75 mines representing 85% of Australia’s black coal production in 2007/08,” Mr Hillman said. “It found the CPRS could lead to the early closure of 16 mines in NSW and Queensland with the loss of up to 9000 direct and indirect jobs.”
Related: No more 'scare campaigns'.