The diplomatic spat with China and a pandemic-weakened global economy has savaged the royalty take of Queensland’s key export, coal.
Queensland budget papers released on Tuesday show coal royalties were expected to hit $1.745 billion this financial year, 50.4 per cent lower than a year before.
Loading...
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
