Ann: QUEENSLAND COAL ROYALTY REGIME, page-4

As expected they not happy. This huge tax increase will significantly and materially affect all coal miners in QLD negatively. Just as other inputs are rising like electricity and gas etc. Not to mention the payroll hike. This is a massive attack on the coal industry. Australia’s largest export industry. Stanmore should look at ways to mitigate production or store the product for better days. Run it on skeleton staff etc. I have a question. Can coal miners sell it for whatever price they wish or are they bound by the international price per tonne. They could produce the absolute minimum to sell and then sell at $150 a tonne to their Indonesian counterparties. Just take the low hanging fruit coal and keep the rest in the ground or stockpile. Screw this QLD Labor Government. Must be ways.