Australia's proposed carbon tax is likely to hurt future investment in the country's mining industry, the chief executive of Anglo-Australian mining titan BHP Billiton Ltd. (BHP) said Wednesday.

"There is a tax on coal exporters [in Australia], a tax that coal exporter in Indonesia or South Africa don't have," Marius Kloppers told reporters in a media briefing here. "It's an economic dead weight cost," which will get embedded into investment decisions.

-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; alex.macdonald@dowjones.com

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