18
Aug
03:52
BHP pauses Queensland coal investment amid royalty hike
Global miner BHP has paused its coking coal investment in Queensland due to the state government’s recent coal royalty rate increase, Kallanish notes.
"We're not going to be deploying any major capital into the Queensland coal business in the face of the recent royalty changes," says chief executive Mike Henry.
He adds that the move will undermine jobs and investment, cause fear across markets and spark significant sovereign risk.
The firm …
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Anonymous
Very good overview of the weekly steel market.
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