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The increase in the royalty on coal output announced by Australia's resource-rich Queensland...

The increase in the royalty on coal output announced by Australia's resource-rich Queensland state comes just one day after two of the country's biggest mining companies, BHP Billiton (BHP) and Xstrata (XSRAY.PK) said they were cutting jobs and production. Coal producers warn the levy could prompt further job cuts and mine closures.
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  • cfg3450
    , contributor
    Comments (87) | Send Message
     
    Seems the Socialist mentality always ends up.
    "Killing the Goose that lay the Golden Eggs"
    In this case Jobs, Jobs, Jobs.
    12 Sep 2012, 03:16 PM Reply Like
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