Queensland royalty hike to cost Curragh US$50M

CORONADO Global Resources estimates the H2 2022 impact on earnings from Queensland’s royalty hike will be about US$50 million post- tax based on present spot prices – almost double what it was paying previously.

Queensland royalty hike to cost Curragh US$50M Queensland royalty hike to cost Curragh US$50M Queensland royalty hike to cost Curragh US$50M Queensland royalty hike to cost Curragh US$50M Queensland royalty hike to cost Curragh US$50M

Curragh's royalty payments to the Queensland government are estimated to almost double.

As Queensland royalties are determined on a tiered structure linked to price, Coronado estimates the implied royalty rate for Coronado's Curragh mine, assuming a total realised coal price of