GNM 20.0% 0.6¢ great northern minerals limited

great news i thought...

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    So it’s a partial assessment at best. As we reported last week, the Indian-controlled coal miner Gujarat NRE has found that a few “simple” changes to their planned mine extension can actually reduce their liability by around 80 per cent. Gujarat had been considered one of the coal companies most heavily exposed to a carbon price, and had produced some startling predictions about the price of beer rising to $60 a schooner and the end of civilsation as we know it.

    But on closer inspection it found new ways of reducing its emissions, including separating new workings from old workings, and using ventilation controls and gas drainage techniques, that could reduce its emissions significantly and cut its exposure from around $16 a tonne to $2.70 a tonne. It would not go out of business. Indeed, it now says its mines should be viable for another 30 years.
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