Skip to main content
Sign up

© Industry Queensland. All rights reserved.

Designed by: Getmilk

Tag: royalties

Innovation at the heart of mining progress

Written by dev on . Posted in Coal, Processing / Manufacturing.

BHP-Mitsubishi Alliance (BMA) asset president Adam Lancey is heralding a new age in mining at the Global Resources Innovation Expo (GRX) in Brisbane.

Backgrounding his keynote speech this morning was the fact that 40 per cent of the steelmaking coal that allowed the world to urbanise and decarbonise was sourced from Queensland, and mining’s contribution to the state’s economy was $122 billion, he said. 

BMA asset president Adam Lancey.

Mining. . .

You are unauthorized to view this page.

Powerhouse push a peak industry priority

Written by dev on . Posted in All News, Energy, Processing / Manufacturing.

The Queensland Resources Council has welcomed new Premier David Crisafulli’s comments that he wants to establish the state's future as a powerhouse of the Australian economy. 

The reference was made at the acceptance speech following the weekend election.

The QRC was encouraged by the incoming premier’s commitment to attract new investment in Queensland’s key industries, including resources, chief executive officer Janette Hewson said. 

“We welcomed the LNP’s commitments to establish a Resources Cabinet Sub-Committee to improve consultation across government on policies that encourage investment in the resources sector," she said.  

. . .

You are unauthorized to view this page.

BMA boss berates government for a lost legacy

Written by dev on . Posted in All News, Coal.

A senior leader of one of the world’s largest metallurgical coal producing houses says Queensland is in danger of sitting back on its position as the lucky state in the lucky country.

The state had among the largest reserves of the world's best quality coal which is used in a 75 per cent ratio for every tonne of steel produced, BHP Mitsubishi Alliance asset president Adam Lancey told the Queensland Resources Media Club in a recent address.

The coal reserves are shallow in most. . .

You are unauthorized to view this page.

Queensland Premier given a royal farewell

Written by dev on . Posted in All News, Coal, Energy, Processing / Manufacturing.

Queensland Premier Annastacia Palaszczuk has been given a qualified salute by the Queensland Resources Council.

Ms Palaszczuk has resigned after nine years at the helm of Queensland government.

The premier had given her life in public service of Queensland and done much to improve the wellbeing of many people, QRC chief executive Ian Macfarlane.

Main image: Queensland premier Annastacia Palaszczuk during her resignation announcement

“Unfortunately, 18 months ago the premier also presided over the introduction of the world’s highest coal royalty tax into Queensland that has made our state uncompetitive for new investment in new resources projects. . .

You are unauthorized to view this page.

Gas guide aimed to help steer development

Written by dev on . Posted in All News, Energy.

A guide on Queensland landholders’ rights and obligations on gas development has received a major update.

The GasFields Commission Queensland’s Gas Guide 2.0 pulls together all the information landholders need to know about gas development into one document, said Resources Minister Scott Stewart.

“The Gas Guide 2.0 is designed to give landholders the information they need to negotiate a fair and reasonable outcome should a resource company request to operate on private land,” Mr Stewart said.

“It covers everything from awarding exploration permits, land access and making good agreements, to gas field rehabilitation.

“The gas industry is. . .

You are unauthorized to view this page.

Industry push for 10-year Queensland royalty freeze

Written by dev on . Posted in All News, Coal.

The Queensland Resources Council warned a parliamentary committee today that the state’s investment profile in resources would slip even further unless the government committed to a 10-year royalty freeze.

A global survey of mining companies and investors released earlier this year by the Fraser Institute showed investors were seriously worried about Queensland’s investment potential, the QRC said.

Chief executive Ian Macfarlane said the onset of COVID-19 would have eroded global investor confidence even further since then.

“When the survey was released in February, Western Australia ranked number 1 in the world in terms of investment attractiveness. . .

You are unauthorized to view this page.

Miners pay record taxes

Written by dev on . Posted in All News, Processing / Manufacturing.

Company taxes and royalties paid by Australia’s world-leading minerals sector increased by $8 billion in 2018-19 to a record $39.3 billion.

It reflect continued higher production and strong commodity prices, according to a new Deloitte Access Economics report commissioned by the Minerals Council of Australia (MCA).

The report confirms that the minerals sector contributed close to 30 per cent of all company tax in 2018-19.

When combined with royalties, these contributions supported stronger communities. . .

You are unauthorized to view this page.

No decision on Adani coal royalties agreement

Written by dev on . Posted in All News, Coal.

A decision on the royalties agreement for Adani's Carmichael coal mine has been delayed again.

A target date of November 30 was set after the parties failed to meet the September 30 cut-off which the Queensland Coordinator General announced midyear as part of a timeline for outstanding approvals for the project.

“We are continuing to work with the Queensland Government to finalise the royalties agreement," an Adani Mining spokeswoman said .

“The Carmichael mine and rail project is well and truly underway and our progress is not dependent on the royalty agreement being in place.

“Both the Queensland Government. . .

You are unauthorized to view this page.

Adani royalties deal pushed back

Written by dev on . Posted in All News, Coal, Processing / Manufacturing.

The Queensland Government and Adani have agreed to extend the target date for conclusion of a Royalty Deferral and Repayment Agreement for the Carmichael coal mine.

Today had been set as the deadline for Queensland Treasury to finalise the agreement when the Co-ordinator General in May laid out an approvals timeline for the Galilee Basin coal project after lengthy delays.

Deputy Premier and Treasurer Jackie Trad said the new target date for conclusion of the RDRA was November 30.

Ms Trad said royalties deferred under the RDRA would have to be repaid in full, with interest and with security. . .

You are unauthorized to view this page.

Coal royalties surge to bring State Budget bonanza

Written by dev on . Posted in All News, Coal.

Record coal royalties will deliver a further $1 billion on top of the State Government's Budget projections, the Queensland Resources Council says.

The QRC has forecast that royalties on thermal and metallurgical coals will set a new record of $4.46 billion this financial year (2018-19) – or the equivalent of $12 million a day.

“At the time of the State Budget last year, the Government
forecast coal royalties to deliver $3.52 billion. Compare that to five years
ago (in 2013-14) when coal royalties paid to the then Newman Government were
less than $2 billion,” QRC Chief. . .

You are unauthorized to view this page.

Subscribe to our news bulletin today and stay ahead with the latest news.