Queensland Mining Company Boycott’s Industrial Plan for “Exorbitant” New Coal Tax

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Queensland’s major mining agencies have refused to initiate an industrial program by the state government in response to the state’s decision to raise coal taxes.

Under the new loyalty system, which will come into force on July 1, miners have earned even more loyalty (20 percent) per ton of coal sold for over $ 175 (US $ 119.00) since the start of the new fiscal year on Friday. You have to pay.

In addition, the government receives 30% of revenues above $ 225 per ton and 40% for prices above $ 300 per ton.

The Queensland Resources Council (QRC) and the Queensland Expeditionary Council declined to participate in the event before the government began a new 30-year mining industry on Monday.

QRC CEO Ian Macfarlane described the new tax introduced as “the highest coal royalties tax in the world.”

“Glossy documents don’t change that one bit,” he said. In a statement on Monday.

“We have to see not only what the government is saying, but what the government is doing.”

McFarlane further warned that “an exorbitant new tax-will be done in a closed room without consultation,” endangering employment and threatening investment in all Queensland commodities, not just coal.

“We accepted his statement that the state government had promised to remove the barriers to growth in the resource sector. Just as we accepted his statement, this government’s term is new. There are no taxes or tax increases, “he said.

Epoch Times Photo
Landscape map of an open pit coal mine in Muja near Collie, Western Australia.
(Philip Schubert / Adob ‚Äč‚ÄčeStock)

Fear that new taxes will hurt Queensland’s coal industry

Meanwhile, analysts warning The tax hike could far exceed the Parasek government’s $ 1.2 billion forecast and could have a negative impact on Australia’s global coal industry.

Edgar Bust, president of BHP, Queensland’s largest coal producer, said: Australian person “The cost of doing business in Queensland is already high, and additional cost pressures will curb investment, business growth, job creation, and local business spending across the state,” June 22. “

“New taxes will undermine Queensland’s reputation as a stable place to invest, and states will compete with other global jurisdictions to attract major new investments that bring long-term value to communities and the state economy. Makes things difficult. “

However, while the new royal system has been praised by environmental groups, they also criticize the 30-year plan for delays in reducing methane emissions from mines to 2027.

Nick Holliday, a spokesman for the Lock the Gate Alliance, said that Queensland’s mining methane emissions need to be controlled to meet climate change goals.

“If mining does not reduce emissions, other sectors such as agriculture and transportation will be effectively forced to reduce emissions faster to cover the mining industry,” he said in a statement. rice field.

“That means that Queensland companies are doing more while the multinational mining giant is being liberated from Scotland.”

AAP contributed to this report.

Nina Nguyen

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Nina Nguyen is a Sydney-based reporter. She covers Australian news with a focus on social, cultural and identity issues. She is fluent in Vietnamese. Contact her at [email protected].

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