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via baswell;
It's quite a stretch to imagine that the stated $78M a year losses were sustainable for them until the $4M tax showed up.
The smelter was doomed with or without the tax, end of story.
Hmmm... then all the company needed to say is they are losing money
right now so they will close.... lets hope the many other Oz business owners in a simular situation dont follow suite..
baswell, how much do ya think it costs to set up a smelter ? Being mindfull of what the plant owes them now and of the setup costs fer a new plant would ya keep a currently loss making plant going if yer think the alloy glut is only a temperary thing ?... of course if yer looked forward and noted the stated aim of the puppet master greens is to close all coal mines would yer even bother.
...perhaps they could power the smelter via windmills and solar panels..
"...long-term viability would be negatively affected by increasing energy costs and the carbon tax..."
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