OZL 1.06% $22.39 oz minerals limited

carbon tax - shock/horror

  1. 636 Posts.
    As per today's OZL quarterly report:-

    "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
    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.

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