Ann: Amendment to Queensland Coal Royalty Regime, page-17

congratulations to the Qld labor government, you can increase royalties, but it has significant consequences. Thats a lot of regional jobs that won't go ahead.

Glencore has pulled the plug on a $2bn coal mine in Queensland, backing away from the major thermal coal development in the face of the state’s royalty hikes and the federal government’s industrial relations changes. Resources writer Nick Evans reports today that the mining giant, Australia’s biggest coal producer, is understood to have written to both the Queensland and federal environment departments over the last week to withdraw applications for approval of the project.