The press release from the NSW Government does explain the process (at least from their point of view) & the changes very well. Below is the outcome.
https://www.nsw.gov.au/media-releases/coal-royalties-to-deliver-budget-repair-fairer-return-for-nsw
Even though I've held WHC for a while it's fair that taxpayers benefit from resource extraction as long as it is not just coal being singled out. On the one hand there are plenty of people that would like to stop coal mining and electricity generation from coal but on the other hand it's going to be very difficult to replace the royalty revenue with something else as well as for the all people working in the mining industry to find high paying jobs elsewhere. It will just be a wealth transfer exercise to other countries if the Aussie coal industry shrinks due to any other reason than customer demand falling which doesn't appear to be the case at the moment.
The press release from the NSW Government does explain the...
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