Steel News

We strive to let you one step ahead of the market.

Australia's Queensland to increase coal royalty

23 Jun 2022 17:16 reported by Stanley Wang

A A A
Australia's Queensland government has decided to increase the coal royalty regime to obtain additional revenue. Before the decision, the royalties were frozen for almost a decade.

The current royalty rate that Queensland's coal mining firms have to pay is 7% for prices up to and including A$100/ton, 12.5% for prices from A$100 to 150/ton, and 15% for prices above A$150/ton.

From July, the new decision extends that prices exceeding A$175/ton will be charged 20% of royalty, 30% for prices over A$225/ton, and 40% for prices above A$300/ton.

Queensland's coal mining firms indicated that new tiers will obstacle new investment.

Back to Steel News

Related News

UK government to extend steel quotas & tariffs on 5 steel products

  • Government policies
  • 24 Jun 2022 17:00

Australia launches AD & CVD review on China’s aluminum extrusions on request of new exporter

  • Government policies
  • 24 Jun 2022 15:06

European Parliament approves carbon tariffs from 2027 to accelerate industrial decarbonization

  • Government policies
  • 23 Jun 2022 17:00

Pakistan initiates first AD sunset review on China's continuous casting billets

  • Government policies
  • 23 Jun 2022 16:07

Indonesia plans to impose carbon tax on coal-fired power plants from July

  • Government policies
  • 23 Jun 2022 16:02

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,675.00
  • 3,475.00
  • Aluminum
  • 2,478.00
  • 2,493.00
  • Copper
  • 8,575.00
  • 8,595.00
  • Nickel
  • 24,100.00
  • 24,250.00

Learn more

Coil Exchange Center

  • 2B Coil-Jul
  • 3,980
  • 3,840
  • NO1 Coil-Jul
  • 3,950
  • 3,810
  • 2B Coil-Jul
  • 3,980
  • 3,840
  • NO1 Coil-Jul
  • 3,950
  • 3,810

Learn more