As others have commented. Massive short term hit but over the longer term with lower tonnage prices not so much. Problem is the current share price reflected the $600 a tonne and paying off that large debt quickly to hedge against a sliding tonnage price. Not to mention the absolute sovereign risk we now have in Queensland and every Labor State. NSW is still at 8.5% royalties. At least they have a brain of sorts. Anglo American boss just came and said this increase was inconceivable. He’s not being dramatic.
Increase in Queensland Royalties, page-29
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