Higher met coal prices to deliver govt a $1.2B bonanza

THE higher than projected metallurgical coal price is expected to provide an extra $1.2 billion in company tax for the balance of this financial year and next financial year, the federal Treasury has calculated.

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Higher met coal prices to deliver govt a $1.2B bonanza Higher met coal prices to deliver govt a $1.2B bonanza Higher met coal prices to deliver govt a $1.2B bonanza Higher met coal prices to deliver govt a $1.2B bonanza Higher met coal prices to deliver govt a $1.2B bonanza

QRC CEO Ian Macfarlane.

Prior to last Christmas, Treasury projected that if the metallurgical coal price remained elevated for two quarters longer than currently assumed, before falling immediately to US$120 per tonne

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