The Forum > General Discussion > Thermal coal and the budget
Thermal coal and the budget
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It has been suggested that unless a certain percentage of the coal reserve is 'coking grade' the mine is no longer viable and will therefore be mothballed.
In fact, a huge area west of Bowen, is all thermal coal and projects here, including one from the much hated Gena has been canned, siting unviable project due to huge production costs here is oz.
So, how will this effect the federal budget, given that the worlds smartest man used projected figures to formulate his budget, in the assumption that the mining tax, IR changes and carbon tax would not effect the boom.
There are about to be a lot of disillusioned workers out there, many of whom have forgotten how the other half live.
Will this be yet another failure from this government that has achieved what must be a gold medal for failures.