The Queensland Resources Council has welcomed the Palaszczuk Government’s offer to freeze the rates of royalties on coal and minerals for three years. The LNP has already promised to freeze royalty rates until October 2024.
Queensland is strengthening its position as the most reliable supplier of gas on the East Coast after the Palaszczuk Government awarded more than 2700 square kilometres of energy rich land for exploration. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the economics of supply and demand were simple.
The State’s resources sector body has recognised the incredible Indigenous contribution to Queensland’s resources sector at the QRC’s Indigenous Awards at the W Hotel in Brisbane last night. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the three individual prizes were awarded to three very talented Indigenous women.
Queensland Premier Annastacia Palaszczuk should immediately cancel her planned trade trip to Japan and stay in Queensland to end the uncertainty about royalty taxes which could cost jobs in the resources sector, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said. “To be frank, there’s no point to a trade mission to any of our valued trading markets while there is uncertainty that new taxes will be imposed on resources," he said.
The Queensland Resources Council (QRC) has welcomed a commitment from the Liberal National Party to keep the rate of royalties on the Queensland resources industry stable for the next five years. Speaking from Mackay, QRC Chief Executive Ian Macfarlane said LNP Leader Deb Frecklington has responded to the industry, union and small business calls for no change in rates of royalties to provide investment and employment certainty for the resources sector in Queensland, which already supports the jobs of more than 315,000 Queenslanders.
The Palaszczuk Government must ensure its Friday deadline brings to an end the delays and uncertainty for the final approvals on the Adani Carmichael mine, Queensland Resources Council Chief Executive Ian Macfarlane said. “The Adani Carmichael mine has been undergoing its approvals process for nine years. In 2010 the Bligh Government announced the Coordinator General’s awarding of ‘Significant Project’ status for the Adani mine,” Mr Macfarlane said.
Local students will today have hands-on experience of the high-level science, technology engineering and maths (STEM) skills that will be needed for the jobs of the future. Students at Kingston State College will work alongside visiting resources sector professionals as they complete STEM-related tasks that are linked to the school curriculum and the real world of work.
The Palaszczuk Government would jeopardise Queensland coal exports to Japan if it increased the rate of royalties on resource commodities when it delivers its State Budget next month. On the eve of Premier Annastacia Palaszczuk visiting Tokyo, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said US coal exports to Japan were at five-year highs and a royalty hike could make US coal more attractive than Queensland coal in the Japanese market.
The Palaszczuk Government must immediately reaffirm its support for the resource industry and resource jobs, with a commitment for long-term royalty stability and a fair go for all projects, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today. Mr Macfarlane said the message was clear after Queenslanders across resource communities voted so overwhelmingly for the Federal Coalition Government’s pro-mining and pro-jobs agenda and record.
The current Palaszczuk Government must rule out any change to the royalty rates applied to the Queensland resources industry or risk undermining 14,000 Queensland businesses and 315,000 Queensland jobs. The Queensland Resources Council and regional advocacy group the Resources Industry Network have warned the Palaszczuk Government that uncertainty about the rate of royalties applied to resource commodities such as coal was creating concern across the industry particularly the small business suppliers to resource companies.
A survey of Queensland resource companies has found an overwhelming majority of company chief executive officers believe their projects and the creation of thousands of jobs from those projects would be less likely to proceed if the Palaszczuk Government changes the rate of royalties. Queensland Resources Council Chief Executive Ian Macfarlane said when asked if royalty uncertainty affected the likelihood of Queensland projects proceeding, 77% of respondents agreed.
Mine worker and employer representatives have warned the Queensland Government that uncertainty about the royalty rates it applies to the resources sector is creating job uncertainty. Queensland Resources Council Chief Executive Ian Macfarlane and CFMEU Mining and Energy Division Queensland District President Stephen Smyth said the Queensland Government should rule out any increase in royalty rates applying to resource commodities, such as coal, metals and LNG, this week.
The Queensland Resources Council has welcomed the State Government’s decision to grant Resolute Mining nine new mining leases as part of a $150 million project to extend the life of its Ravenswood gold mine operations in north Queensland. QRC Chief Executive Ian Macfarlane said the announcement by Natural Resources, Mines and Energy Minister Dr Anthony Lynham would secure the 280 existing jobs and create another 100 construction jobs for the new mine, 150 kilometres south-west of Townsville.
The Palaszczuk Government would secure an extra $5 billion in coal royalties for all Queenslanders, from the Olive Downs mine near Moranbah in central Queensland it approved today, if it maintained royalty rates at current levels. Queensland Resources Council Chief Executive Ian Macfarlane said the approved Environmental Impact Statement (EIS) for Olive Downs metallurgical coal mine project would generate royalties over the 79-year life of mine worth $5.685 billion (or $1.117 billion at present value), in addition to creating 500 jobs in construction and 1000 jobs once the mine is operational.
Queensland’s resource sector companies are focused on building stronger bonds and delivering even more returns to local communities and all Queenslanders. The Queensland Resources Council’s Chief Executive Ian Macfarlane said the latest research conducted by an independent research agency has reinforced the need for the sector to better explain its everyday importance, relevance and world class environmental standards to all Queenslanders.
The Palaszczuk Government could expect almost an extra $1 billion over above their record projections in the Budget last year from coal royalties paid by the mining industry. The Queensland Resources Council has forecast that royalties on both thermal and metallurgical coals were due to set a new record of $4.46 billion this financial year (2018-19) – or the equivalent of $12 million a day.
The Queensland Resources Council (QRC) has welcomed a commitment of $30 million for the new CQ University School of Mines and Manufacturing in Gladstone and Rockhampton. QRC Chief Executive Ian Macfarlane said the resources sector contributed more than $7 billion to the Fitzroy region’s economy and more than 40,000 full-time equivalent jobs across the region, and the development of skills was critical to future investment and employment.
‘Oresome’ futures for Queensland students were highlighted at a gala event at the Queensland Museum last night. More than 100 teachers and guidance officers from throughout the state flocked to the museum for the launch by Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick of ‘Oresome Futures’, which aims to attract more young people to the resources and mining equipment, technology and services (METS) sectors.