Valeria would have had a 35-year mine life and produced 20 million tonne per annum.
QRC CEO Ian Macfarlane said Glencore’s decision to withdraw from its Valeria plans in the wake of the Queensland government’s royalty rate hike was a sign of things to come.
A Glencore spokesman said genuine and timely consultation with companies on the detail of policy reforms was crucial to avoid continued uncertainty. "Abrupt decisions like the Queensland super royalty...
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