Coal bosses asked to dig deep for regions in return for royalty freeze

  • 📰 abcnews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 83%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Coal companies asked to dig deep on regional development in return for royalty freeze

"We also know that regional communities are looking for more from both government and industry to the communities in which they operate.

However, Adani has confirmed its representatives were invited to the meeting and had not been consulted on the proposal."It's completely voluntary but I know that in all of these regional communities where companies operate I know that they will be incredibly happy about the Government and industry working together to deliver much better outcomes for these regional communities," she said.

"There's an obvious benefit in terms of social licence. Obviously they're going to come under increasing pressure, have already come under a lot of pressure," he said. "Obviously there's all sorts of little bits of sponsorship that companies do, but this would be a substantial increase, I think, on the scale of assistance that the Government is asking for.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

they r making good money but when it comes to royalty they want to pay less Inflation after 7yrs = 7x 3% Adani wanted infrastructure loan n wanted local council to build an airport They ask a lot blackmailing d state What abt env recovery bond?

Royalties should be CPI Absolutely ridiculous they have been frozen for 7 years.

Coals off sorry Lefty's.

Or Qld could just carry on with the established royalties setup and guarantee a certain percentage of the take for regional spend. You know .. what govt should have been doing all along.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese firm suspends Queensland mine lease bidA Chinese company has suspended its bid for leases to develop a sprawling coal mine next to Adani' proposed coal mine in Queensland. Because Coal is dying, but nooooo... idiots here just don't get it. Go Clivey !! So ... it takes China to stop this environmentally questionable project. The differences in approach ... Australia: democracy with lots of talk and no action. China: not a democracy, no talk, lots of action. Do we need more of China to save the planet?
Source: SBSNews - 🏆 3. / 89 Read more »

'Unknown unknowns': Coal seam gas ban around one of Queensland's worst water contaminationsThe risk of spreading toxic groundwater from one of Queensland's worst environmental contaminations prompts a ban on coal seam gas drilling in an area where companies are already extracting gas. There's nothing unknown or uncertain about this - every example we have of fracking causes massive environmental damage. Arrow energy is a bit dodgy. They are part of the petro China group and they push push push. QLD had created a no-go zone for gas extraction 10 kilometres around the former Linc Energy site in the Southern Inland In Canada n Ohio rusting gas taps r left on d ground of abandoned mines
Source: abcnews - 🏆 5. / 83 Read more »