The government of the Australian state of Queensland has been called out by local mining companies via a pre-budget media campaign protesting the state’s sky-high royalty regime, telling them to “respect” struggling households.
This comes after the Queensland Labor government introduced a three-tiered coal royalties system in July 2022 to capitalise on record coal prices in the global market, resulting in mining companies in the state being subject to one of the highest coal tariffs worldwide.
The state government has unwaveringly defended its royalty policy while expecting to get extra billions of dollars in revenue from the taxes.
Queensland Miners Push Back Against State’s Royalty Policy
On June 12, the Queensland Resources Council, a peak industry body, announced that it had launched an advertising campaign to raise awareness about the negative impact of the state government’s coal tax reform on new investment and jobs in the sector….