Glencore shelves coal project over royalty policy

THE Queensland government’s coal royalty hike is part of the reason Glencore is withdrawing its A$2 billion Valeria project from the approvals process and instead placing it under review.

Glencore shelves coal project over royalty policy Glencore shelves coal project over royalty policy Glencore shelves coal project over royalty policy Glencore shelves coal project over royalty policy Glencore shelves coal project over royalty policy

A Glencore spokesman said genuine and timely consultation with companies on the detail of policy reforms was crucial to avoid continued uncertainty.