Royalty payments to New Hope as land and resource owner would consolidate into the company.
New Acland's 7% royalty is a pittance compared with the royalty regime Queensland treasurer Cameron Dick introduced in July.
Under the Dick regime, coal miners pay 20% for prices above A$175, 30% for prices above $225, and a 40% tier that will apply when prices exceed $300. At the moment New Hope is awaiting final approvals...
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