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Whitehaven Coal has added itself to the long list of coal companies expressing grave concerns about the impact of increased royalties on their business (see full statement below). Whitehaven has been developing the Winchester South open-cut coal mine project near Moranbah in Central Queensland since the beginning of 2019, which involves nearly $1 billion in capital investment and 500-plus jobs.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today the decision by Australia’s biggest mining company BHP to pause its investment plans in Queensland due to the sudden increase in State Government royalty taxes was unfortunately no surprise to the industry. Mr Macfarlane said the Queensland Government's decision to lift coal royalty tax rates to the highest in the world – without consultation and behind closed doors – was a huge blow to the sector and has harmed Queensland’s international reputation as a safe place to invest in resources projects.
Queensland’s minerals exploration sector will also feel the brunt of the State Government’s decision to increase coal royalty tax rates to the highest rates in the world, Queensland Resources Council (QRC) chief executive Ian Macfarlane said today. Speaking at the Queensland Exploration Council’s (QEC) annual Tech Summit in Brisbane, Mr Macfarlane said the exploration industry was right to be concerned about the flow-on effect of the royalty hike on its ability to compete internationally for project capital.
The Queensland Resources Council (QRC) has welcomed today's announcement by Senex it will invest $1 billion towards expanding natural gas projects in the Surat Basin to deliver more gas to Australian customers on the East Coast. The bulk of capital will be spent over the next two years on gas infrastructure and wells in western Queensland, delivering an estimated $200 million boost to regional businesses and local communities. The investment is also set to create more than 200 construction jobs and 50 permanent roles.
The Queensland Resources Council (QRC) has welcomed the opportunity to show all Queenslanders what the resources industry is doing to continuously improve safety in the mining industry, following yesterday's announcement by the State Government of a new Parliamentary Inquiry into mine safety. QRC chief executive Ian Macfarlane said the safety of every mine worker is a priority and a core value of every mining operation in Queensland. This has resulted in the state's mine safety record being the envy of every other mining region in the world.
There’s one month to go until leading operators, regulators,and health and safety experts unite on the Gold Coast for Australia’s largest mine health and safety conference. The annual conference is set to attract up to 1000 industry delegates focussed on one thing – the health, safety and wellbeing of every worker in the mining sector.
“Shape your future, innovate our world”. That’s the tagline of a bold, new digital campaign created by the Queensland Resources Council (QRC) to attract ‘the hearts and minds’ of Gen Z to a brilliant career in the state’s minerals and energy sector.
The Queensland Resources Council (QRC) is calling on the Palaszczuk Government to stop stalling and declare New Acland Stage 3 a prescribed project. The call follows what the QRC says is unfounded claims by the Oakey Coal Action Alliance (OCAA) that the Department of Environment and Science was influenced by New Hope Group to award New Acland Stage 3 its Environmental Authority.
The Palaszczuk Government has reached a new low by launching a taxpayer-funded advertising campaign to try and justify its decision to impose excessive new royalty taxes on the resources sector, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said the ads are misleading and designed to make Queenslanders think resources companies are not already fairly sharing their profits, when nothing could be further from the truth.
The Queensland Resources Council (QRC) and its exploration arm, the Queensland Exploration Council will not attend today’s industry launch of the Queensland Resources Industry Development Plan (QRIDP) in Brisbane.
“The Queensland Resources Council (QRC) notes today’s release of the Queensland Resources Industry Development Plan and thanks the Department of Resources for its involvement in the development of the plan. Unfortunately, a Queensland Government 30-year plan isn’t worth the paper it’s printed on when the rules for investment in Queensland’s resources can change overnight.
Moranbah-based Mining Supervisor, Nicole Shibasaki was tonight announced as the Exceptional Indigenous Person in Queensland Resources at the Queensland Resources Council (QRC) Indigenous Awards gala in Brisbane. As a proud Wulli Wulli woman and the first Indigenous female supervisor at the Caval Ridge metallurgical coal mine for Thiess, Nicole is breaking new ground for those around her wanting to take a similar path.
The Queensland Government’s decision to impose the world’s highest rates of coal royalty taxes on the resources sector will hit the state economy much harder than the Treasurer is predicting, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said independent market analysts such as OCE, AME and Consensus Economics do not expect coal prices to fall as quickly as Treasury figures reflect.
The Queensland Government’s decision to impose the world’s highest royalty taxes on the resources sector will hit regional communities and businesses hard, as companies are forced to rethink their future investment and employment plans. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the industry is reeling from the addition of an extra three tiers of royalty taxes on coal, representing a huge cost increase to producers based on current prices.
Queensland resources communities deserve to know the truth about the State Government’s plan to increase royalty taxes, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today. “Queenslanders, particularly people living in regional areas, are entitled to know the full details of the Palaszczuk Government’s resources royalty tax hike, which is being done behind closed doors and without industry consultation,” he said.
Women determined to upset the status quo in the male-dominated mining industry will receive an extra boost as a mentoring program targeted at increasing female participation launches. This year, a record 140 female resources sector employees from across the state - up almost 90% on last year’s intake - are set to participate in the ninth year of the Queensland Resources Council (QRC)/Women in Mining and Resources Queensland (WIMARQ) Mentoring Program.
Queensland’s resources sector has come out fighting in response to State Government plans to impose higher coal royalty taxes on the industry. Mr Macfarlane said it was disingenuous for Treasurer Cameron Dick to frame the tax increase as necessary to support the health budget.
A new report shows Queensland’s resources exports hit a record high between March 2021 and 2022, with producers sending a record $77 billion worth of coal, gas and minerals to overseas customers. A State of the Sector report for the March 2022 quarter released by the Queensland Resources Council (QRC) today shows strong prices and increasing demand for Queensland commodities is driving the industry to never-before-seen levels of performance.