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Royalty Flush - Risks to NSW coal royalties from Adani and Galilee Basin developmentDevelopment of large coal mines in Queensland’s Galilee Basin will reduce thermal coal prices. This also reduces royalty revenue received by NSW. The Adani project alone is likely to reduce NSW revenue by nearly $50 million per year. The NSW government should oppose subsidies to Adani.
Queensland Coal Mines Reap Benefit of Hidden Subsidy in Free GroundwaterNew analysis released by The Australia Institute today estimates that hidden subsidies from the Queensland Government to the coal mining industry, in the form of the value of groundwater accessed for free, represent at least $100M in value for the Galilee Basin coal mines alone. Report author Rod Campbell, who is the Director of Research with The Australia Institute, said “This analysis reveals that the mining industry reaps a huge financial bene...
Are there 27,000 jobs in the Galilee Basin?In recent media statements senior Queensland Government members have claimed that development of coal mines in Queensland’s Galilee Basin will create 27,000 jobs. No source for this figure is provided in the media statements and no such estimate features in the Government’s Galilee Basin Strategy. No source is provided for this estimate. It is likely to be based on the economic assessments of the four main Galilee Basin projects, Carm...
Job creator or job destroyer: An analysis of the mining boom in QueenslandOn the back of record high commodity prices the mining industry in Australia is experiencing an unprecedented period of expansion. The value of our mineral exports has increased to the point where they now make up more than half of the value of all our exports. This increase combined with the huge inflow of capital to fund the mining expansion has been a significant factor in Australia's rising exchange rate. A higher exchange rate puts pre...