ENVIRONMENT

NSW royalty rate increase on the cards for next year

THE New South Wales government will consult with the coal industry over raising royalty rates and other policy options to deliver energy price relief after its temporary coal cap expires on June 30 2024.

 The existing arrangements deliver increased royalties when coal prices are higher.

The existing arrangements deliver increased royalties when coal prices are higher.

Under the temporary cap arrangement, NSW's coal mines are obliged to make certain volumes of thermal coal available for domestic power stations. The required volumes under the scheme are to be made...

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