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 Sydney Morning Herald reports Australia’s Gillard government has opened the week of the crucial vote on carbon tax by revealing that big fuel users such as airlines want to sign on to the scheme, while the coal industry counterattacked with a report estimating that the tax risks the jobs of 21,000 miners.
The government’s bid to boost the carbon tax comes as a new coal industry-commissioned report says the tax would force the premature closure of 17 per cent of existing black-coal mines in Australia, including 15 in NSW.
Today the Australian Coal Association will release the results of an ACIL Tasman consultants study that concludes an estimated 27 per cent of employment in coal mining projects would be under threat with a carbon tax.
Continue reading at The Sydney Morning Herald.
