Still time to fix coal royalties after export value collapse
QRC – Queensland’s coal sector has taken another blow with new State Government data confirming a 25% decline in coal export values last year.
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The Queensland Resources Council (QRC) says recent coal royalties legislation has further damaged Queensland’s competitiveness and will risk the state’s economic security.
The Queensland Resources Council has described BHP’s decision to place significant new investment in Queensland on hold due to new coal royalty tax rates as a “massive blow”.
A new report has confirmed the importance of the resources sector to the Queensland economy, with a record sum contributed by coal, gas, and minerals producers in FY2021/22.
The Queensland Resources Council has welcomed the news that a proposed new gas pipeline in the Bowen Basin could help reduce industry emissions, boost the state’s gas supplies and create more regional jobs.
The Queensland Resources Council has welcomed the news that stronger than expected metallurgical coal prices have delivered an extra AUS$2.9 billion in royalties to the state budget.
Queensland coal producers are willing and able to meet the challenges of modern-day mining and will be operating for decades to come, the Queensland Resources Council has said.
Bravus Mining & Resources and its principal contractor MacKellar are providing 60 regional Queenslanders the opportunity for a career in the mining industry through paid, haul truck operator traineeships.
The Queensland Resources Council has welcomed the announcement of first coal on the re-opening of the Millennium metallurgical coal mine, a joint venture between Stanmore Resources and M Resources.
Queensland has been announced as Australia’s largest producer of metallurgical coal, according to the Queensland Resources Council.
