One quarter of Qld coal is loss making: QRC

ANY move by the Queensland government to increase royalties on coal will tip more producers into the red, with one quarter of the state’s production already being produced at a loss, according to the Queensland Resources Council data.

One quarter of Qld coal is loss making: QRC One quarter of Qld coal is loss making: QRC One quarter of Qld coal is loss making: QRC One quarter of Qld coal is loss making: QRC One quarter of Qld coal is loss making: QRC

The industry is now bracing for a state June budget in which Treasurer Tim Nicholls is expected to look at all avenues including royalty hikes to plug Queensland's high debt burden.