IGO suspends annual dividends from Tianqi JV amid market downturn
The JV experienced a build in lithium hydroxide inventory at Kwinana over recent months.
The Australia Coal Association makes a pitch for coal with a recent video on YouTube showing how important the industry is to Australia and the country’s ecocomy.
Coal has been under pressure from the left-leaning Australian Labor Party. The government recently introduced a carbon tax set to kick in 2012. The coal industry claims that the tax will hurt the industry and shut down mining operations.
2 Comments
Dennis Franklin
Certainly the ALP has been putting pressure on business with the carbon tax, but I disagree that they are out to get the coal industry. The local politics are making it difficult but the ALP is a party for labour and the coal industry is too big an employer for them to close it down any time soon.
A bigger issue is how can the industry innovate better so that they remain relevant in whatever the low carbon future looks like. They will have to deal with it because there is hundreds of years of resource, and the political climate globally will change much faster than that.
Abir Mahmud
Every creature is better alive than dead, men and moose and pine trees, and he who understands it aright will rather preserve its life than destroy it.