BHP warns high coal royalties in Queensland could deter investment, despite recent large budget contributions.

BHP's Geraldine Slattery warns that Queensland's high coal royalty rates, 43% higher than other regions, may harm long-term economic interests despite recent $15 billion and $9 billion budget contributions. BHP operates five coal mines in the state, but Slattery argues these rates make Queensland less attractive to investors. The Queensland government remains committed to the current royalty scheme.

November 18, 2024
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