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Basto weighs in on Qld royalty hike

OPPOSITION to the Queensland government’s decision to put what is effectively a super prices tax on coal mined there is continuing to mount with BHP president minerals Edgar Basto adding his voice to the protests.

Noel Dyson
Edgar Basto believes the Queensland government's rate hike is hurting investment.

Edgar Basto believes the Queensland government's rate hike is hurting investment.

In its June 21 budget the Queensland government introduced another three tiers of royalties. The first additional tier is 20% for coal prices above $175 per tonne. The other two are 30% for prices above...

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