Surprise Qld royalty hike to reduce jobs and investment: QRC

THE Queensland government’s draconian new royalty structure announced yesterday by Treasurer Tim Nicholls in his first budget would drive coal industry investment away from the state and risk further mine closures, coal mining companies and industry groups have warned.

Surprise Qld royalty hike to reduce jobs and investment: QRC Surprise Qld royalty hike to reduce jobs and investment: QRC Surprise Qld royalty hike to reduce jobs and investment: QRC Surprise Qld royalty hike to reduce jobs and investment: QRC Surprise Qld royalty hike to reduce jobs and investment: QRC

The cash-strapped government surprised the industry by announcing it would lift the royalty rate for coal sold above $100 per tonne by 25% and introduce a new levy of 15% once the price hits $150/t -

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