Just done some research on coal royalties. NSW: 8.2% regardless...

Just done some research on coal royalties.

NSW: 8.2% regardless of coal price.

USA : Open cut 12.5% Underground 8%.

S. Africa: Min 0.5% max 7.5%

Qld: 20% above $175, 30% above $225, 40% above $300.

Cameron Dick, and etc do not seem to know there is a difference in coal markets between energy/steaming coal and coking coal/anthracite. There has been a freak boom in energy coal because of supply demand due to Ukraine war measures etc. Not such in coking coal which is not affected so much by all the problems with energy supply for electricity generation. Coking coal is for steelmaking. It burns too hot to be the preferred fuel for power generation. Coking coal producers are not getting boom prices.

This impost has been a terrible blow for anyone trying to do a startup in Qld coal, like BCB, as early cash flow is very important.

If they want to kill the state's most valuable industry, they are going the right way about it. But economic and business literacy was never the strong suit of the Labour Party or the left in general. Looking more and more like the lifesaver who has swom out to help rescue the drowning Qld budget and state, is being dragged under by a panicking non swimmer.

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