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the-carbon-taxThe Carbon Tax: a billion dollar deadweight on mining THE COST OF THE CARBON TAX ON AUSTRALIA’S MINERALS INDUSTRY NOW EXCEEDS MORE THAN A$1.2 BILLION A...

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Mining News in Mine Exploration, Mining Companies, and Mining Industry. - EMJ

  • In its half-year report (ending December 2014) — a six-month period characterized by volatile commodity markets — BHP Billiton met or exceeded expectations in most areas. Earnings declined by 12% to $14.5 billion as lower average realized prices more than offset the substantial productivity gains that continue to be achieved across the portfolio.

  • In its year-end earnings report, Stillwater Mining Co. noted total cash and investments of $531.5 million, all-in sustaining costs (AISC) averaging $784/oz of mined palladium and platinum, and production of 517,700 oz of mined palladium and platinum. The company also processed 469,400 oz of recycled palladium, platinum and rhodium. In the fourth quarter, AISC mined costs were averaging $725/oz.

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