News

  • 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

    Written by
    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

    Written by
    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

    Written by
    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

    Written by
    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

  • Fears royalty hike will spear Qld's exploration industry

    Queensland’s minerals exploration sector will also feel the brunt of the State Government’s decision to increase coal royalty tax rates to the highest rates in the world, Queensland Resources Council (QRC) chief executive Ian Macfarlane said today. Speaking at the Queensland Exploration Council’s (QEC) annual Tech Summit in Brisbane, Mr...
    KQC Admin

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    August 17, 2022

  • Qld Govt's taxpayer-funded ad campaign designed to mislead and divide

    The Palaszczuk Government has reached a new low by launching a taxpayer-funded advertising campaign to try and justify its decision to impose excessive new royalty taxes on the resources sector, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said the ads are misleading and designed to make...
    KQC Admin

    Written by
    July 06, 2022

  • QLD State Royalties: Out of Step with all other jurisdictions

    Jay Leary, Partner of one of the world's leading professional services businesses, Herbert Smith Freehills comments on the Qld Government Royalty increase: "When the Queensland government announced significant changes to the royalty regime for coal the changes, it ended what has otherwise been a stable period of royalty policy nationally. The royalty changes...
    KQC Admin

    Written by
    June 23, 2022

  • New state resources tax crash tackles economy

    The Queensland Government’s decision to impose the world’s highest rates of coal royalty taxes on the resources sector will hit the state economy much harder than the Treasurer is predicting, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said independent market analysts such as OCE, AME and Consensus...
    KQC Admin

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    June 23, 2022

  • Qld Govt imposes world’s highest royalty taxes on resources sector

    The Queensland Government’s decision to impose the world’s highest royalty taxes on the resources sector will hit regional communities and businesses hard, as companies are forced to rethink their future investment and employment plans. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the industry is reeling from the addition...
    KQC Admin

    Written by
    June 21, 2022

  • Qld Treasurer about to cook the golden goose

    Queensland’s resources sector has come out fighting in response to State Government plans to impose higher coal royalty taxes on the industry. Ian Macfarlane said it was disingenuous for Treasurer Cameron Dick to frame the tax increase as necessary to support the health budget. “The resources sector is already paying...
    KQC Admin

    Written by
    June 08, 2022