THE coal miner considered most vulnerable to Australia's carbon tax plan has sought to halt an exodus of investors with a new strategy for minimising its greenhouse gas emissions.
ASX-listed Gujarat NRE has suffered a dramatic share price slide this year amid predictions the carbon tax could reduce profit margins from its New South Wales coal business by up to $16 per tonne.
As Parliament prepares to vote on carbon legislation this week, Gujarat has revealed hopes of keeping the carbon tax impost below $3 per tonne.
Sydney Morning Herald
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