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”.
According to the QRC, a new report has confirmed the need for the Queensland State Government to reconsider its investment-destroying coal royalty tax increase.
Glencore’s decision to withdraw from plans to develop a US$2 billion coal project has highlighted change in the wake of new royalty taxes imposed on coal producers.
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.
Anglo American has sourced a supply of 100% renewable electricity for its operations in Australia from 2025, agreeing terms for a 10-year partnership with Stanwell Corp.
Whitehaven Coal has released its latest quarterly production report – announcing record coal prices and strong production from Narrabri, but weather affected open cut operations and volumes.
Bowen Coking Coal Ltd has announced that its first coal has been processed for Broadmeadow East and its second Bluff vessel has been shipped.
In response to the predicted domestic gas shortfall, State Gas Ltd has initiated a project to undertake trucking of CNG.
Allegiance Coal Ltd’s New Elk team successfully completed the first loading of the second unit train, leased by New Elk Coal and set up and pulled by Union Pacific locomotives.