Queensland mining royalty rates

The move could save coal companies as much as a billion dollars a year, Queensland Resources Council chief executive Ian Macfarlane said. The announcement comes days after Ms Trad said she would not speculate on a change to the rate of royalties before the June budget was handed down. The royalty rate for iron ore depends on the average price for each tonne of the iron ore sold, disposed of or used in the return period (average price, or AP) by a producer in relation to a particular mining operation, as follows: If the average price is $100 or less, the rate is $1.25 per tonne. Royalty rate Petroleum royalty in respect of a particular operation is payable at the rate of 12.5% 27 of the wellhead value of the tenure petroleum disposed of, or non-tenure petroleum produced, during a royalty return period from the operation. 28

13 Jan 2020 The Mines Ministry has decided to set up an official committee, "for of rates of royalty and dead rent for minerals (other than coal, lignite, sand  Depending on the mineral, the royalty rate payable under the Mineral Resources Regulation 2013 is either a percentage of the value of the mineral or a flat rate per tonne. The current royalty rates are listed below. For any mineral not listed below (that is, a mineral for which there is no specified rate in the Mineral Resources Regulation), the rate is 2.5% of the value and the royalty-free threshold applies. Knowing what rates apply to particular minerals will help you calculate your liability. No royalty is payable on the first $100,000 of the combined value of certain minerals sold, disposed of or used in a financial year (the royalty-free threshold). A royalty discount applies for base metals processed within Queensland to a particular metal content. The Australia Institute report found that royalty rates for thermal coal remain lower in Queensland, where miners receive up to 17% discount compared to the flat rates in NSW. It calculated the effective benefit to Adani’s Carmichael project as between $12m and $30m a year. Treasury, Queensland Government, Previous duty, tax and royalty rates, licensed under Creative Commons Attribution 4.0 sourced on 04 March 2020 Disclaimer Our data is published as an information source only, please read our disclaimer . Topics: Queensland's food and agribusiness industry, Queensland's beef industry, Queensland mining and resources, Queensland's tourism industry, Queensland's renewable energy supply chain Gold Coast 2018 Commonwealth Games The royalty payable for mineral sold, disposed of or used in a return period is calculated by multiplying the royalty rate by the value or the weight of such mineral, as applicable. 11; The royalty rate for bauxite must be calculated: separately for each mining operation for which the producer is liable to pay royalty

The ad valorem or value-based rate of royalty, which applies under the Mining Regulations 1981, is based on the following principles: bulk material (subject to limited treatment) – 7.5 per cent of the royalty value; concentrate material (subject to substantial enrichment through a concentration plant) – 5.0 per cent of the royalty value

3 Aug 2016 The 2016-17 State Government Budgets have revealed mining royalty rates will remain unchanged across Queensland, NSW, Western  18 May 2017 Queensland has a system for coal mines in which a smaller amount is paid at the start which increases as production at the mine increases. 1 Nov 1997 In 1996/97 the State collected about $168m in coal royalties, world coal prices, this presents a threat to the future viability of the industry. 15 Oct 2013 Queensland introduced a sliding scale, with the rate of royalties increasing as the price of coal increased. Western Australia gradually 

1 Jul 2019 Royalty for coal seam gas is calculated in the same way as petroleum royalty. Select from the mineral types below to see the rate that applies and 

Treasury, Queensland Government, Previous duty, tax and royalty rates, licensed under Creative Commons Attribution 4.0 sourced on 04 March 2020 Disclaimer Our data is published as an information source only, please read our disclaimer . Topics: Queensland's food and agribusiness industry, Queensland's beef industry, Queensland mining and resources, Queensland's tourism industry, Queensland's renewable energy supply chain Gold Coast 2018 Commonwealth Games The royalty payable for mineral sold, disposed of or used in a return period is calculated by multiplying the royalty rate by the value or the weight of such mineral, as applicable. 11; The royalty rate for bauxite must be calculated: separately for each mining operation for which the producer is liable to pay royalty

Given a progressive royalty rate for higher value products, coking coal export royalties reach 15% of value (in-excess of A$150/t), whereas thermal coal export.

18 May 2017 Queensland has a system for coal mines in which a smaller amount is paid at the start which increases as production at the mine increases. 1 Nov 1997 In 1996/97 the State collected about $168m in coal royalties, world coal prices, this presents a threat to the future viability of the industry. 15 Oct 2013 Queensland introduced a sliding scale, with the rate of royalties increasing as the price of coal increased. Western Australia gradually  Revised Rates of Royalty & Dead Rent of Major Minerals Notification No. GSR 630(E) 13-Aug-2009 · Revision of Royalty Rates on Coal & Lignite dtd. 10.05.

The royalty rate for coal for a return period is calculated by If the average price is $100 or less, the rate is 7% of the value of the coal. or used, inside Queensland (domestic coal) and coal sold or 

The royalty payable for mineral sold, disposed of or used in a return period is calculated by multiplying the royalty rate by the value or the weight of such mineral, as applicable. 11; The royalty rate for bauxite must be calculated: separately for each mining operation for which the producer is liable to pay royalty Liability for mining royalty arises when mineral is sold, disposed of or used in a return period.. It does not matter whether such minerals were: extracted before or during the return period

Home - Contribution to Queensland - Taxes and Royalties rents, stamp duty and royalties), and to local councils through rates and infrastructure charges. 14 May 2019. The Palaszczuk Government would secure an extra $5 billion in coal royalties for all Queenslanders, from the Olive Downs mine near Moranbah  12 Jun 2018 Queensland's coal royalties reached a record breaking contribution of “I thank the Treasurer for her commitment to not change royalty rates in  9 Jul 2019 Historical publication. This is a historical publication. Some or all of the information may be out of date. Please contact the publication set  Queensland Government budget papers show spending of it proposed a " royalty holiday" or reduced royalty rates,