Media Releases
New report shows huge drop in business confidence in Qld’s resources sector
The damage to the Queensland economy from the State Government’s sudden decision last year to increase coal royalty tax rates to the highest in the world has been laid bare in a new report released today. The Queensland Resources Council’s (QRC) latest State of the Sector report for the December 2022 quarter shows there has been a dramatic drop in business confidence in the state’s resources sector over the past 12 months.
QRC takes message on coal royalty tax hike direct to homes
The Queensland Resources Council (QRC) is taking its message warning about the threat to local jobs from Palaszczuk Government’s coal royalty tax increase directly to homes in Rockhampton, Townsville and Mackay. QRC Chief Executive Ian Macfarlane said it’s important Queenslanders living in these major regional centres are aware of the long-term damage the royalty increase will cause.
Regional Qld community group deserves a Federal Government apology
The Queensland Resources Council (QRC) has expressed its disappointment about the poor treatment of a delegation of local government and community representatives from a major Queensland resources region by senior Federal Government members on a recent visit to Canberra.
Tide turning on new era for women in Qld’s resources sector
The tide is turning for Queensland’s $94.6 billion resources sector, with more women than ever before working for mining and energy companies. Women now make up a record 22 per cent of the workforce, up from almost 20 per cent last year. Speaking at the Resources Awards for Women in Brisbane today,
CopperString welcomed, but excessive royalty tax hikes must go to reach full potential
The Queensland Resources Council (QRC) welcomes the State Government’s commitment to the CopperString project but warns it must also ensure Queensland remains attractive to resources investors or risk losing the opportunity for any gains due the uncertainty created by sudden changes to royalty rates.
QRC supports release of Lake Eyre Basin RIS
The Queensland Resources Council supports the release of the Consultation Regulatory Impact Statement (RIS) for the management of the Lake Eyre Basin to provide certainty for all industry stakeholders and to move the process forward. The QRC maintains its position that the current regulatory framework is already sufficiently robust to assess all applications and mitigate risks to the Basin.
BHP decision sets off more alarm bells on coal royalty tax
The Queensland Government needs to urgently reconsider its decision to introduce the world’s highest coal royalty tax after Australia’s biggest mining company BHP said it was a contributing factor in its decision to sell off two major Central Queensland mines. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the company again warned the Government’s royalty increase makes Queensland uncompetitive in attracting investors.
The Queensland Resources Council (QRC) has expressed its deepest condolences to the families of Dylan Langridge and Trevor Davis, whose bodies were recovered this afternoon following an incident at Dugald River mine near Cloncurry.
QRC calls for fresh Govt eyes on escalating coal royalty issue
The Queensland Resources Council (QRC) today called on the Palaszczuk Government to rethink a third controversial state tax hurting Queenslanders. This follows last week’s decision by the State Government to review how it applies payroll tax to GP clinics, on top of its reversal of plans to charge a
Clayfield to Cloncurry – Brisbane girl goes west to discover her brilliant career
Cloncurry is a long way from Clayfield, but right now there’s no place former St Rita’s College student Molly Stanistreet would rather be. As a senior geologist and finalist in this year’s Exceptional Young Woman in Queensland Resources award, Molly, 29, has spent her 20’s carving out a brilliant career in mining on Australia’s east and west coast.
BHP confirms new Qld investment on hold due to State Govt’s new royalty tax regime
Today’s confirmation by Australia’s biggest mining company that significant new investment in Queensland is on hold because of the State Government’s decision to lift coal royalty tax rates to the highest in the world is a massive blow to Queensland, the Queensland Resources Council (QRC) said today.
Qld Govt must reconsider investment destroying coal royalty tax hike
A new report highlighting the enormous benefits that job opportunities in the resources sector have provided to generations of Queenslanders confirms the need for the State Government to reconsider its investment-destroying coal royalty tax increase. The Queensland Resources Council (QRC) says Federal Treasury analysis found the resources sector is responsible for lifting many Queenslanders born in the 1960s and 70s out of disadvantage into a prosperous future.
Gas price cap threatens jobs and investment across Queensland
The Queensland Resources Council (QRC) is warning the federal government’s gas price cap will only worsen the supply shortages by destroying investor confidence in exploration and development of new gas fields in Qld and Australia. QRC Chief Executive Ian Macfarlane said such heavy-handed
Cancellation of $2 billion Qld mine a sign of things to come: QRC
Glencore’s decision to withdraw from plans to develop a $2 billion coal project south-west of Emerald is a sign of things to come in the wake of the Palaszczuk Government’s decision to impose excessive new royalty taxes on coal producers, the Queensland Resources Council said today. Glencore’s Valeria project south-west of Emerald would have created 1400 construction jobs and 1250 operational jobs and was projected to operate for 37 years.
Budget update shows serious Government miscalculation on resources royalty tax
New figures in the mid-year Budget update confirm the Queensland Government has significantly underestimated the impact of its decision to lift the coal royalty tax rate to the highest in the world. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane says the conservative estimates indicate coal royalties will be nearly double the original forecast.
Resources sector delivers $94.6 billion boost to Qld
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.
Resources sector launches campaign to alert Qld to royalty tax threat
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.
Proposed new federal mining tax will kill investment and do nothing to reduce power prices
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.