JAPANESE ambassador to Australia Shingo Yamagami has once again strongly criticised the Queensland government’s July decision to raise coal royalty rates without properly consulting long-term Japanese investors such as the Mitsubishi group.
Yamagami said Japanese companies wanted certainty from the Queensland government especially when investing long-term for energy and resources.
Yamagami told the Minerals Council of Australia Minerals Week 2022 conference that Queensland's decision to hike coal royalties from 15% to 40% was a "bolt from the blue" that sent "shockwaves to Tokyo"....
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