Gujarat NRE has still not paid an $8.4 million carbon tax bill, forcing federal regulators to slug the company with interest of almost $400,000.
The Illawarra-based longwall mine operator now owes nearly $9million in unpaid charges, dating back to June, when the company did not surrender its carbon units, as required by the Clean Energy Regulator.
A spokesperson for the regulator said last week the miner would continue to accrue interest daily, at a rate of 20per cent per annum, until the outstanding amount was paid.
If Gujarat fails to pay the charge by June 25 next year, it will have to pay more than $1.6million in late fees.
Two companies in the Indian coal group, Gujarat NRE Coking Coal and Gujarat NRE Wonga, failed to surrender a single carbon unit to the federal regulators by the June 17 deadline and were hit with a shortfall charge.
Gujarat NRE Coking Coal was ordered to pay $7,020,520 for 234,800 carbon units while Gujarat Wonga, the group’s Wongawilli mine, incurred a charge of $1,356,862, equivalent to 45,830 carbon units.
The regulator’s spokesperson told the Mercury the debt could be recovered in court but no action had yet been taken.
The company is now facing a fresh deadline for reporting its greenhouse gas emissions with all liable entities required to report their emissions for the full 2012-13 financial year by October 31.
The companies then have until February 3 next year to surrender enough carbon units to meet their liability.
Gujarat was one of only four companies that missed the June 17 deadline, which was met by more than 370 other big emitters.
South Australian soda ash manufacturer Penrice Soda Products incurred a $1.9million charge while mining magnate Clive Palmer’s Queensland Nickel was hit with a $6.1million fee.
Gujarat was included in the list of big emitters in May last year.