NSW increases coal royalties

THE New South Wales government has announced coal royalties will rise 2.6% from July 1, 2024, which is likely to net the government A$2.7 billion over the four years to 2028.

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From July 1 next year, the royalty on an open cut coal mine will be 10.8%, it will be 9.8% on an underground mine, and 8.8% on a deep underground mine - one more than 400m below surface.