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A new report has confirmed the importance of the resources sector to the Queensland economy, with a record $94.6 billion contributed by coal, gas, and minerals producers in the 2021/22 financial year. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today the result was a new record and up an incredible $10 billion or 12 per cent on the previous year.
The state’s resources sector will today launch a large-scale media campaign to warn Queenslanders about the coming fall-out on jobs and investment from the state government’s new, higher royalty tax regime. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the Keep Queensland Competitive campaign is on behalf of the state’s entire resources sector, not just coal.
The Queensland Resources Council (QRC) has called for cool heads and common sense to prevail over politics as Australia’s race to secure reliable, affordable power for industries and households heats up. QRC Chief Executive Ian Macfarlane said today a proposed new mining tax on coal and gas producers would be a disastrous move by the Federal Government and lead to higher, not lower, power prices for consumers.
The Queensland Resources Council (QRC) has welcomed amendments passed yesterday to Queensland Government legislation to support the state’s growing critical minerals sector. QRC Chief Executive Ian Macfarlane said the Coal Mining Safety and Health and Other Legislation Amendment Bill will now allow for the deferment of rents for specific critical minerals projects, which includes some in the prominent Northwest Minerals Province.
Comments from another major resources company again highlight the growing threat to investment and jobs in the sector in Queensland from the state government’s royalty tax hike. QRC Chief Executive Ian Macfarlane says Peabody Energy has joined the list of major resources companies calling on the Queensland Government to reconsider its unprecedented royalty hike, introduced without any industry consultation earlier this year.
A new report has confirmed the growing contribution of Queensland’s resources sector to the state’s economy, well beyond the billions of dollars in royalties and taxes it generates for the Queensland and Federal Government. A Queensland Resources Council (QRC) report released today shows the amount of money spent by mining and energy companies on local goods and services rose by $1 billion, or four per cent, in 2020-21 to reach $27.7 billion.
The Queensland Resources Council (QRC) has called out Treasurer Cameron Dick for failing to acknowledge that the lion’s share of the state’s improved financial position is from the almost $5 billion extra received over budget forecasts through coal company royalty taxes under the previous royalty regime in 2021/22. QRC Chief Executive Ian Macfarlane said higher international commodity prices had enabled coal companies to contribute a record $7.29 billion in the last financial year, almost three times higher than the $2.6 billion originally forecast.
The Queensland Resources Council (QRC) says tonight’s federal budget has again confirmed how important the sector is to Australia’s economic future. QRC Chief Executive Ian Macfarlane said continuing international demand for Queensland’s coal, gas and metals is the major contributor to Australia’s record terms of trade.
A new Clinical Training Centre that will boost health education in western Queensland has opened in Chinchilla, thanks to a $502,000 contribution from the state’s resources sector through the Resources Community Infrastructure Fund (RCIF). Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said he was honoured to represent the sector at the official opening today.
The Queensland Resources Council (QRC) has welcomed today’s approval of New Acland Stage 3 by the State Government, calling it a great day for the Oakey community and Darling Downs region. QRC chief executive Ian Macfarlane said the granting of an Associated Water Licence for Stage 3 of New Hope Group’s open-cut coal mine was a long time coming, but a triumph of process over politics.
Queensland minerals and energy companies are proud to have contributed $70 million towards a $100 million fund set up to improve the health and wellbeing of resources communities, the Queensland Resources Council (QRC) said today. A second round of Resources Community Infrastructure Fund (RCIF) grants - valued at almost $53 million - was announced today by the State Government, which contributed $30 million towards the total initiative.
The State Government’s decision to listen to industry feedback and make the newly introduced Environmental Protection and Other Legislation Amendment (EPOLA) Bill 2022 more practical has been welcomed by the Queensland Resources Council (QRC). QRC chief executive Ian Macfarlane said it was reassuring that a series of unworkable provisions proposed during the consultation phase - such as empowering the Department of Environment and Science (DES) to retrospectively reduce the scale or intensity of existing projects – have been removed.
The Queensland Resources Council (QRC) today called on the Palaszczuk Government to review its decision to increase state coal royalty taxes to the highest rates in the world, in the wake of a period of tax increases based on no consultation by the government. Mr Macfarlane said the shelving by the government of its new state land tax regime - when faced with the reality about its impact on Queenslanders - was a good decision and should be closely followed by an announcement of a review of its much-criticised new coal royalty tax regime.
The Queensland Resources Council (QRC) has welcomed the release of the Palaszczuk Government’s new 10-year energy plan, but warned the Government has work to do to attract the large-scale investment required to implement it. QRC Chief Executive Ian Macfarlane said the resources sector supports the transition to a lower emissions future, but that detailed planning was required to ensure stability for regional communities, investors and energy supply and the cost of electricity.
More than $200,000 in student scholarships is up for grabs in a bid to develop innovative ways to improve land rehabilitation in Queensland coal mines. Resources Minister Scott Stewart said applications were now open for the Queensland Resources Council’s Coal Mine Site Rehabilitation scholarships, which give up to two Queensland university students the chance to pursue postgraduate studies in world-class environmental management.
A new report released today has found the Palaszczuk Government has severely underestimated the impact of higher royalty taxes on Queensland’s coal export sector. The report by independent analysts Commodity Insights was commissioned by the Queensland Resources Council (QRC) to review the impact of the government’s decision to add three new coal tax tiers - with significantly higher royalty rates - to the previous regime.
The Queensland Resources Council (QRC) has welcomed a new, 10-year jobs strategy developed by the State Government in consultation with industry including the minerals and energy sector to address a severe critical skills shortage. The government’s Good people Good jobs: Queensland
Gold Coast-based engineer and FIFO worker Lydia Gentle has taken out the top honours at tonight’s prestigious BHP 2022 Women in Resources National Awards, presented by the Minerals Council of Australia (MCA) in Canberra. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said Lydia is an outstanding example of the world-class workforce behind the state’s $84.3 billion resources sector.