From my understanding coal royalties in Qld are on a scale based on the price of coal sold by the miner. It's not simple but the key measure is when the price is over $300/t the royalty rate for the amount over $300/t is 40%. The higher rates came into effect after 1/7/2022.
Coal was over $300/t for a period 3/2022 to 1/2023 (approx. 8 months) but is now ~ $130/t. Of course it depends on the quality of the coal sold.
In Qld there is a TV ad campaign by the mining council to bring the royalty rate back down nearer old levels. That's not going to happen because people in Qld. are addicted to the benefits the higher royalties bring.
However we have an election in Oct. this year and I think the LNP will win this year. The LNP is more sympathetic to the coal miners and may lower the royalties to stop the companies whinging.
Interesting times ahead!
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