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ABC News
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Business

Coal royalty hike damaging mining industry and investor confidence, Queensland Resources Council says

Coal Queensland Mining Cameron Dick Ian Macfarlane

The Queensland Resources Council says the state's decision to hike coal royalties is putting the viability of Queensland's coal industry at risk and claims the expected revenue has been "wildly" underestimated.

Treasurer Cameron Dick's decision to introduce new coal royalty tiers after a 10-year freeze on coal royalty rates amid soaring coal prices was met with strong opposition from the sector in June.

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