Australia's miners will not face a mining tax, but a price cap on gas is not off the table. mining resources electricity energybills MineralsCouncil
said on Friday that while a price cap on gas was still on the table to help rein in electricity prices on the east coast, the government was not considering a mining tax.2GB programme, Albanese said a price cap on gas was "one of the options that is under consideration".“We know Western Australia, for example, isn't dealing with the same pressures that are here on the east coast.
The Minerals Council of Australia on Friday warned that a tax on mining would put Australia’s economic recovery at risk, and hurt the very people the government is trying to help; households and small business owners. “The Prime Minister has said he would only be looking at sensible proposals to address rising electricity prices. It is not sensible to slug the very sector that has propped up the economy and the Federal budget through recent uncertain times.
She noted that in seeking to find an answer to rising electricity prices, the government wrongly assumed the price of coal sets electricity prices.“More than 85% of Australian coal is exported into the international market, where prices remain elevated. Those prices have nothing to do with setting the price of electricity in Australia.
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