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RISE IN QUEENSLAND GOVT'S COAL ROYALTIES TO ALMOST US$573 MLN.
BRISBANE, June 2 Asia Pulse - A rise in coal royalties by the Queensland government is expected to raise almost $A600 million ($US572.52 million) in the coming financial year.
Treasurer Andrew Fraser said tomorrow's state budget would include a new two-tier coal royalty rate.
Under the new system a 10 per cent royalty will apply to coal being sold at above $100 per tonne.
The existing seven per cent rate will still apply to any coal sold under $100 per tonne.
Mr Fraser said most mineral prices had doubled or trebled over the past five years, as had mining company profits.
Forward contract prices have indicated that coal has increased significantly in value.
"It's about getting a fair ...
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...announces that CNSV expects to receive coal royalties from the Owsley and LeeCo properties...ton. "This anticipated revenue from coal royalties will enable CNSV to accelerate revenue...permitting activities. Revenue growth from coal royalties is also expected to enable CNSV to...
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...Finance will involve other ministries in taking a decision on coal royalties after the Development and Finance Supervisory Agency (BPKP...minister the results of its auditing on the delayed payment of coal royalties by coal companies. The coal contractors withheld the royalties...
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...hardship" exemption from the 8 percent rate because it is one of the most profitable mining operations in the nation. Federal coal royalties are divided 50-50 with states, and much of the federal share goes into a reclamation fund to clean up abandoned mine...
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- Newspaper article from: Knight Ridder/Tribune Business News Norrell, Brenda March 15, 2000 700+ words
...two Southwest energy providers, engaged in a conspiracy with the Department of Interior to prevent the fair payment of coal royalties to the tribes. Hopi Chairman Wayne Taylor Jr. said the tribe took action because of its interests in the Hopi and Navajo...
- AUSTRALIAN STATE OF NSW TO CHANGE COAL ROYALTIES.
- News wire article from: AsiaPulse News April 6, 2004 700+ words
SYDNEY, April 6 Asia Pulse - NSW treasurer Michael Egan today said the government's 20-year-old flat rate coal royalties would be replaced with an ad valorem - according to value - method. The flat rate will be replaced by a five per cent...
- INDONESIA'S BPKP COMPLETES FIELD AUDIT ON COAL ROYALTIES.
- News wire article from: AsiaPulse News November 18, 2008 700+ words
...effairs. The audit was conducted based on an agreement between the government and the contractors and covered state claims on coal royalties and reimbursements to coal mining contractors. Asked about the substance of the audit results, Simanjuntak said he could...
- Western Energy Company Will Pay $12.2 Million to U.S. & Montana to Settle Coal...
- Press release article from: M2 Presswire July 22, 2009 700+ words
...2009-US Department of Justice: Western Energy Company Will Pay $12.2 Million to U.S. & Montana to Settle Coal Royalties Dispute(C)1994-2009 M2 COMMUNICATIONS RDATE:22072009 WASHINGTON -- Western Energy Company, the operator of the...
- BANGLADESH TO SEEK HIGHER COAL ROYALTIES.
- News wire article from: AsiaPulse News June 26, 2006 700+ words
DHAKA, June 26 Asia Pulse - Advisor to the Energy Ministry Mahmudur Rahman on Saturday said the government would not sign any deal on coal mining until the new coal policy is approved. Speaking at a roundtable on "Renewable Energy Technologies", he said the new coal policy would ensure a higher