Thats the coal royalty breakdown. (
https://qro.qld.gov.au/royalty/calculate-mineral/rates/)
So it doesnt go over 50%. Even at a sale price of, say, $400AUD, it would be a royalty of $89.50. The overall royalty of $89.50 on $400 Sale is a ~22% royalty.
I agree, it is a tricky balancing act between profitability and the benefit of the state. I cant tell you what the salaries of some of those coal miners are, but they are certainly high. I am guessing around $150k+ (
@hagetaka you'd have better insight than I) That's twice the median salary, and I would imagine this is something along the lines of 1 to 2 weeks on, 1 week off? So also a lot more "time off" than the average person too.
Anyway, I digress.
(20min delay)