Queensland coal news

“The Palaszczuk Government must reaffirm its support for the resource industry, with a commitment for long-term royalty stability and a fair go for all projects,” says QRC.

The Coal Council of Australia has welcomed the re-election of the Morrison government.

Queensland’s independent Coordinator-General has approved the proposed Olive Downs metallurgical coal mine, with conditions to ensure local employment and manage potential impacts on the environment

When asked if royalty uncertainty affected the likelihood of Queensland projects proceeding, 77% of respondents agreed.

The Queensland Government should rule out any increase in royalty rates applying to resource commodities, such as coal, metals and LNG, says QRC.

The Queensland Resources Council has forecast that royalties on both thermal and metallurgical coals were due to set a new record of AUS$4.46 billion this financial year.

Improving access to education and boosting the quality and variety of skills of the mining workforce is essential to generating greater productivity and increased national prosperity from Australia’s minerals sector.

Queensland coal exports contributed AUS$36.3 billion – an increase of AUS$5 billion or 16% over the previous 12 months.

Macfarlane said the resources sector contributed AUS$6.3 billion to the gross regional product in the Flynn electorate, which includes the energy powerhouse of Gladstone.

This approval follows more than 18 months of consultation with the Department, and the independent evaluation and endorsement of the plan by CSIRO and Geoscience Australia.