News

  • QRC calls out Treasurer for underplaying resources’ contribution to Qld's bottom line

    The Queensland Resources Council (QRC) has called out Treasurer Cameron Dick for failing to acknowledge that the lion’s share of the state’s improved financial position is from the almost $5 billion extra received over budget forecasts through coal company royalty taxes under the previous royalty regime in 2021/22. QRC Chief...
    KQC Admin

    Written by
    October 26, 2022

  • Budget confirms Queensland resources sector delivering for the nation

    The Queensland Resources Council (QRC) says tonight’s federal budget has again confirmed how important the sector is to Australia’s economic future. QRC Chief Executive Ian Macfarlane said continuing international demand for Queensland’s coal, gas and metals is the major contributor to Australia’s record terms of trade. “For every three months...
    KQC Admin

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    October 25, 2022

  • Royalty Tax review should be next: Qld Resources Council

    The Queensland Resources Council (QRC) today called on the Palaszczuk Government to review its decision to increase state coal royalty taxes to the highest rates in the world, in the wake of a period of tax increases based on no consultation by the government. Mr Macfarlane said the shelving by...
    KQC Admin

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    September 30, 2022

  • Qld Govt tax damns river of coal ‘gold'

    A new report released today has found the Palaszczuk Government has severely underestimated the impact of higher royalty taxes on Queensland’s coal export sector. The report by independent analysts Commodity Insights was commissioned by the Queensland Resources Council (QRC) to review the impact of the government’s decision to add three new coal tax tiers...
    KQC Admin

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    September 20, 2022

  • Japanese ambassador slams Qld for royalty hike without consultation

    JAPANESE ambassador to Australia Shingo Yamagami has once again strongly criticised the Queensland government’s July decision to raise coal royalty rates without properly consulting long-term Japanese investors such as the Mitsubishi group. “Japanese companies see Australia not as a house, but a home,” he said. “This is why the decisions...
    KQC Admin

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    September 06, 2022

  • Qld Govt’s royalty tax flattens resources sector

    Click here for latest State of the Sector report. A shock new report confirms the Queensland Government’s decision to impose the world’s highest royalty taxes on coal producers has hit the resources sector for six, with all commodities feeling the pain. According to data from the Queensland Resources Council’s (QRC)...
    KQC Admin

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    August 31, 2022

  • 30% of non-coal CEO's expect rate hike to impact their business

    A survey of resources leaders found the Qld government’s decision to increase coal mining royalties has impacted investment plans across a number of Queensland commodities – not just coal.  Queensland Resources Council chief Ian Macfarlane said “Most resources companies don’t just focus on just one commodity such as coal, so...
    KQC Admin

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    August 31, 2022

  • Qld Govt "flying blind" on royalties: QRC

    The Queensland Government appears to be flying blind about the impact of excessive new coal royalty taxes on Queensland jobs and business opportunities, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said companies have paid as much in state royalties in the first six weeks of the...
    KQC Admin

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    August 23, 2022

  • More coal companies speak out against Qld Govt royalty tax hike

    Whitehaven Coal has added itself to the long list of coal companies expressing grave concerns about the impact of increased royalties on their business (see full statement below). Whitehaven has been developing the Winchester South open-cut coal mine project near Moranbah in Central Queensland since the beginning of 2019, which involves...
    KQC Admin

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    August 18, 2022

  • Boyce: Increased Coal Royalties Stifling Investment

    Federal Member for Flynn, Colin Boyce has slammed the Labor State Government’s coal royalty tax hike that is stifling investment in the resources industry, especially in the Flynn electorate.  This is following a BHP announcement that the Blackwater South metallurgical coal mine will no longer go ahead and some mines...
    KQC Admin

    Written by
    August 18, 2022