With demand for energy resources from Asia showing no signs of slowing down, Australia’s coal industry is continuing to benefit which makes the sixth Coaltrans Australia conference next month a must for anyone interested in the industry.
Coaltrans Australia in Brisbane on August 16 and 17 will examine the impact of Australia’s new ‘Mining Resources Rent Tax’ on investment in its coal industry, which is particularly important considering that the new tax will apply to coal.
It will also look at recent developments in the thermal and coking coal markets, focusing on prices in the remainder of 2010 and 2011.
With the gloom of the global financial crisis now largely behind the industry, many of Australia’s previously postponed port and rail projects are now back on track.
Yet despite this optimism there is also uncertainty, which has been increased by the new mining tax proposed a couple of months again but recently revised by new Prime Minister Julia Gillard. Government elections scheduled for later this year mean that Australia’s legislative policies are without a doubt top of the agenda.
The issues on the conference agenda are:
• What are the dangers of sovereign risk in light of key proposals such as the new Mining Resources Rent Tax?
• How will the planned public listing of Queensland Rail impact on Australia’s export capacity?
• How China and India are driving demand for Australia’s coal and how these demand trends are changing.
Speakers include Rio Tinto Energy chief executive Doug Ritchie, QR National chief executive officer Lance Hockridge, Australian Coal Association executive director Ralph Hillman, Gujarat NRE Coke chairman and managing director Arun Kumar Jagatramka, Global Coal Limited chief operating officer Pat Markey, Gemcom AustralAsia services director Brian Spence and Aurecon Hatch general manager Ross Parslow.

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