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Queensland announces $2.96 billion in mining investments to boost jobs and confidence amid coal royalty decline.
Queensland Premier David Crisafulli announced a $662 million expansion of Peabody’s Centurion Mine and a $2.3 billion copper project by Harmony Gold, both expected to create hundreds of jobs, as part of efforts to boost investor confidence amid concerns over coal royalties.
The deals follow a trade mission to India and Japan and come as the state’s coal sector faces challenges, including BHP’s 750-job cuts and over 1,000 job losses since July.
While coal royalties are forecast to drop to $6.2 billion this year from $31 billion over the past two years, government and industry leaders say new investments signal ongoing confidence in Queensland’s resources sector.
Queensland anuncia $ 2.96 mil millones en inversiones mineras para impulsar el empleo y la confianza en medio de la disminución de las regalías de carbón.