Premier flags tax stability for multinational miners

Queensland is the coal capital of Australia, accounting for 56 per cent of the nation's production. (Dave Hunt/AAP PHOTOS)

Queensland's hefty coal royalties have been labelled a "sugar hit" by a mining boss but the premier insists he wants to incentivise business investment with fewer regulations.

David Crisafulli says all companies will receive fair regulation and taxation under the Liberal National Party government, while maintaining a legislated progressive coal royalty scheme over the next four years.