MARKETS

Royalty freeze on QRC's Qld election wish list

The resources sector already did much of the heavy lifting for the Queensland economy.

Lou Caruana
QRC CEO Ian Macfarlane.

QRC CEO Ian Macfarlane.

QRC CEO Ian Macfarlane said the resources sector already did much of the heavy lifting for the Queensland economy, paying payroll tax, income tax, stamp duty, council rates and royalties.

“Those royalties help pay the wages of teachers, nurses and police in communities across the state,” he said.

Another key priority of QRC’s Election Policy Agenda – Resourcing Queensland’s Future is for the government to provide regulatory certainty and maintain stable, workable and predictable policy and regulation based on genuine consultation.

“By taking a proactive approach to exploration, standing up to anti-development activism, supporting projects and securing reliable and affordable power, thousands more construction jobs and permanent jobs could be created,” Macfarlane said.

According to the QRC the government should also deliver affordable energy and stabilise electricity costs while reducing emissions.

It said it should also stand up for leading environmental practice and support a positive and realistic policy and regulatory framework and assess activist claims on scientific merit.

“Queensland resources companies have absorbed a three-fold increase in wholesale electricity prices over the past five years,” Macfarlane said.

“The economy needs reliable, dispatchable power at an affordable price. Queensland also needs to play our part in reducing emissions.  The next state government needs to deliver a balanced energy mix.”

Macfarlane said every Queenslander, regardless of where they called home, had a vested interest in seeing the minerals and energy industries succeed and grow.

“A strong voice from government will mean that the resources sector can continue to underpin the state’s economy, jobs, and royalties for decades to come,” he said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production