‘Widespread effects’ of Australian mining royalty rate hike alarms Japan investment

skynews.com.au -- Jul 07
Japanese Ambassador to Australia Shingo Yamagami says the decision to hike up royalties for mining companies may potentially trigger “widespread effects” on investing in Queensland.

The Queensland coal scheme proposes new higher coal mining royalties –drastically exceeding the previous top rate of 15 per cent.

Mr Yamagami said the royalty rate hike on locally mined coal was an issue of great concern.

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