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royalties

Dec 21, 2020
Gas guide aimed to help steer development

Gas guide aimed to help steer development

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… This content is for iQ...

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Jul 28, 2020
Industry push for 10-year Queensland royalty freeze

Industry push for 10-year Queensland royalty freeze

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… ...

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May 12, 2020
Miners pay record taxes

Miners pay record taxes

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 30̷...

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Nov 29, 2019
No decision on Adani coal royalties agreement

No decision on Adani coal royalties agreement

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… This content is for iQ Industry Queensland, iQ Coa...

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Sep 30, 2019
Adani royalties deal pushed back

Adani royalties deal pushed back

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… This content is for iQ Industry Queensland, iQ Coal,...

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May 13, 2019
Coal royalties surge to bring State Budget bonanza

Coal royalties surge to bring State Budget bonanza

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… This content is for iQ Industry Queensland, iQ Coal,...

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