A day after the Queensland Resources Council (QRC) released a new campaign in opposition to the State’s controversial coal royalty system, it has now reiterated concern over the State Government’s decision to impose the world’s highest coal royalty taxes.
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Bowen Coking Coal has successfully completed a $40 million placement at $0.17 per share to investors, and a fully underwritten $10 million share purchase plan to eligible shareholders at the same price as the placement.
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The Queensland Resources Council (QRC) has again responded to the Queensland Government’s decision to impose the world’s highest royalty taxes on coal producers.
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CS Energy has announced that its coal-fired Callide power station, located near Biloela in central Queensland, will not run to full capacity until May 2024.
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The mining industry is reacting to the impending safeguard mechanism legislation, which will enforce average emissions limits on large scale industrial activities.
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Federal environment Minister Tanya Plibersek has indicated that she plans to approve the Isaac River coal mine in Bowen Basin, Queensland, marking the first coal project approval during the Labor Government’s reign.
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With the Burton steelmaking coal complex officially reopened, the Queensland Government said the project could lead to job opportunities for regional Queenslanders in the resources sector.
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Teck Resources has withdrawn its proposal to split the company, which industry experts say may cause Glencore to attempt another takeover offer.
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South32 has lowered its production guidance for the year across five of its mining operations following a challenging quarter. Meanwhile, Fortescue sees strong results with the first wet concentrate produced at Iron Bridge.
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Glencore has reported a drop in production for the first quarter of 2023 due to closures and operational conditions. But the company said the results were broadly in line with expectations and has kept its 2023 production guidance unchanged.
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