"OZ Minerals is not expected to incur a direct carbon tax impost
While details of implementation of the tax remain to be confirmed, it appears that OZ Minerals will see increased costs on fuel used in vehicles via a reduction in the fuel tax rebate of about 6 cents per litre. It also appears most likely that a further indirect cost to OZ Minerals from the carbon tax on scope 2 and scope 3 (for example costs incurred via increased Australian rail freight costs) emissions will be passed on by suppliers. The costs for OZ Minerals associated with the carbon tax proposal are estimated to be between $7 million and $10 million dollars per year"
Fantastic news. The world is not about to end..... at least for us OZL shareholders.
OZL Price at posting:
$13.03 Sentiment: Hold Disclosure: Held