With prices falling and costs rising… $0 $50 $100 $150 $200 $250 FY12 FY14 FY16 FY18 FY20 Forecast average met coal production costs and price State Royalties Carbon Price Impact Port Rail Labour Production Costs Non Labour Production Costs Coal Price PwC Productivity Index - 1995 to 2011 (Base Year = 1995, Base = 1000) … which is in large part
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