Positives for miners in Australia- China free trade agreement
The announcement of the Australia-China free trade agreement in November provided some positive news for Australian coal miners. The 3% tariff on coking coal will be removed on day 1, however, the 6% tariff on thermal coal will not be phased out for another 2 years.
China is currently Australia’s second largest coal market, taking close to a quarter of all exports, and is the world’s largest coal consumer.
Greater access to the huge market is a significant boost for struggling coal miners.
Other Articles from this issue
Glencore and Peabody Energy joint venture proposed
Glencore and Peabody Energy have agreed to form a 50:50 Joint Venture to develop a brownfield open cut coal project loca...
Upper Hunter Mining Dialogue Workshop
The need to continue investing in the economic development of the Upper Hunter region was one of the leading issues disc...
Top Hunter Employers List released
For the fourth consecutive year MAP marketing has researched and published the The Top Hunter Employers List.
People strategy for the growing business
In almost all situations, business growth generally requires an increase in personnel.