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STATE ENJOYS COAL BOON

08 May 2023
Print






OTHER INDUSTRIAL NEWS



OVER-MINING RISK RAISED

STIGMA CAMPAIGN COMING

ROAD STATS SHOW RISE

OFFSHORE WIND WORKERS NEEDED

PRIVATE PAY RISING

AIGROUP BACKS RISE

FWO REVIEW LOOMS

PFAS SETTLEMENT SET

NET ZERO AGENCY OUTLINED

COAL AVERAGES CAUSE CONCERN


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Queensland's raised coal royalty is expected to provide an $8 billion boost to
the state budget.

The boost is predicted as a result of soaring coal prices and the Palaszczuk
government's new royalty regime. 

The Queensland Resources Council has predicted the state's bottom line will
record a surplus of $5.2 billion for 2022-23. 

The mining lobby claims that the new royalty regime could stifle future job
opportunities in the resources sector and lead to early mine closures, according
to Queensland Resources Council chief executive Ian Macfarlane - Australia’s
former mining and industry ministers in the Howard government. 

The state's new royalty system introduces three new tiers and makes Queensland
the highest taxing royalty regime in the world, which has been criticised by big
mining companies such as BHP. 

The state Labor government says it has no plans to scrap the changes.





 






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