INTERNATIONAL COAL NEWS

Taxing times

THE Greens plan to put a levy on coal mines with the proceeds to be put into a trust fund to pay ...

Noel Dyson

This article is 10 years old. Images might not display.

“Adequately funding rehabilitation efforts will immediately create new jobs in the same communities where coal workers are losing jobs,” Greens resources spokeswoman Larissa Waters said.

However, mining groups argue that is the Greens very tax levy policy that is going to result in miners losing their jobs.

“It illustrates once again why the Greens occupy the radical fringe of politics and offer no sensible policy prescriptions for mainstream Australia,” Minerals Council of Australia executive director – coal Greg Evans said.

“The Greens would know there already exists strict requirements for former mine sites to be rehabilitated with security deposits provided by coal producers.

“Further, funds are not returned until regulators are satisfied all environmental conditions are met.

“Taxpayers are not exposed – in fact in the past financial year coal royalties contributed $3 billion in the eastern states of Queensland, New South Wales and Victoria and are expected to contribute $15 billion over the next four years.”

New South Wales Minerals Council CEO Stephen Galilee said the Green’s proposed coal tax would cost jobs in NSW, particularly in the Hunter Valley and the Illawarra where thousands relied on coal for their livelihoods.

“Typically this new tax proposal from the Greens is based on anti-mining fairytales and not facts,” he said.

A key part of the Greens’ argument come from a report from the Institute for Energy Economics and Financial Analysis that says the coal export sector is in decline.

NSW coal exports to Korea are up 9%, exports to Taiwan have risen by 10% and across the rest of Asia outside of Japan and China, exports have more than double to 19.75 million tonnes over the past year.

There has also been strong growth in demand from India with NSW coal exports to India rising by 100% over the past financial year.

“The Greens have tried to talk the coal industry out of existence,” Galilee said.

“That hasn’t worked so now they’re trying to tax the industry out of existence.

“They should produce some constructive suggestions instead of lazy new tax proposals that target working people, mining families and communities across regional NSW.”

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

Future Fleets Insights 2026

Mining IQ Insights delivers annual standalone reports that expand upon the most relevant discussion points in the mining sector.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.