{"id":81583,"date":"2023-08-23T23:48:16","date_gmt":"2023-08-23T23:48:16","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81583"},"modified":"2023-08-23T23:48:16","modified_gmt":"2023-08-23T23:48:16","slug":"bhp-warns-queensland-over-worlds-highest-coal-tax","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/bhp-warns-queensland-over-worlds-highest-coal-tax\/","title":{"rendered":"BHP Warns Queensland Over \u201cWorld\u2019s Highest\u201d Coal Tax"},"content":{"rendered":"

A war of words has erupted after BHP threatened the Queensland Government with a \u201cnew investment pause\u201d in response to the state lifting its coal levies. <\/span>The QLD government has fired back, stating it might pause BHP\u2019s local mining leases unless it backtracks on its investment decision.\u00a0<\/span><\/p>\n

Talk about an unhelpful escalation!<\/span><\/h3>\n

In a recent operational review, the mining major noted that, while the coal market is expecting a boost in demand thanks to China, Queensland had become \u201cuncompetitive\u201d due to its controversial tax.<\/span><\/p>\n

\u201cThe Queensland Government\u2019s decision to raise coal royalties to the highest maximum rate in the world makes Queensland uncompetitive and puts investment and jobs at risk,\u201d BHP stated. <\/span>The state\u2019s treasurer Cameron Dick responded with a threat to abruptly <\/span>cancel the company’s mining leases<\/b>. <\/span>The Queensland Government raised coal royalties in August 2022, prompting BHP to \u201creassess\u201d its local investments.\u00a0<\/span>\u201cWe see strong long-term demand from global steelmakers for Queensland\u2019s high-quality metallurgical coal; however, in the absence of government policy that is both competitive and predictable, we are unable to make significant new investments in Queensland,\u201d the miner stated.<\/span><\/p>\n

In response, the QLD treasurer pointed to the \u201cstrength of BHP\u2019s balance sheet\u201d. He stated that \u201cthe impending windfall it will make from selling the Daunia and Blackwater mines shows just what BHP can achieve when it focuses on its core business.”<\/span><\/p>\n

“<\/span>We want those companies to properly develop the leases that the people of Queensland have granted them,\u201d Mr Dick said. <\/span>\u201cIf they fail to do so without legitimate commercial reason, our government has the power to act.\u201d\u00a0\u00a0<\/span><\/p>\n

 <\/p>\n

The Pilbara\u2019s Mining Giants Agree to Share Power with Renewables Hub<\/strong><\/h2>\n

After many years of establishing their own independent power networks in the Pilbara, the region’s key players are banding together to tackle the transition to <\/span>net zero<\/b>.\u00a0<\/span>An accord has been struck between the Western Australia government and companies, including BHP and Rio Tinto, oil and gas operators like Woodside, BP, and Atco, and local energy groups Horizon Energy and Alinta.<\/span><\/p>\n

WA\u2019s energy minister, Bill Johnston, reckons it\u2019s a \u201clandmark\u201d agreement that will set the state up for success in meeting its climate-related goals.<\/span><\/p>\n

\u201cThis is a landmark agreement for our clean energy future and the economic development of the Pilbara and our state,\u201d Johnston said.\u00a0<\/span>\u201cThis agreement is a historic accord between the government and key industry players in the Pilbara, recognising that common use electrical infrastructure is key to reaching our ambitious decarbonisation goals.\u201d<\/span><\/p>\n

As the resource majors look to <\/span>slash their emissions<\/b>, it’s hoped the common use framework will ultimately see all their different energy networks linked together. <\/span>This would enable an essential shift to wind, solar and storage and allow the partners to establish a shared grid.<\/span><\/p>\n

The roundtable has completed its own modelling, with demands forecast but not yet released. <\/span>However, the involvement of players aligned with the Australian Renewable Energy Hub (AREH)<\/a> \u2013 proposing to build 26GW of wind and solar in the Pilbara \u2013 gives some insight into how it may come together.\u00a0<\/span><\/p>\n

 <\/p>\n

CADIA Mine Realigns with EPA Over Dust Emissions<\/strong><\/h2>\n

After being scrutinised for unacceptable dust levels, the Cadia mine in NSW has reestablished its EPA compliance.<\/span><\/p>\n

In a statement earlier in the week, a Cadia spokesperson said the mine was now compliant with the EPA\u2019s clean air regulations.<\/span><\/p>\n

\u201cMining responsibly is what the community expects of us and what we demand of ourselves,\u201d Cadia offered.<\/span><\/h3>\n

\u201cWe remain firmly committed to rebuilding trust and confidence in our operations with the community and regulator so we can continue to support jobs, regional investment, and the energy transition.\u201d <\/span>The EPA accused Cadia of exceeding clean air regulations in March last year while running underground exhaust fans that shot unfiltered crushed ore into the atmosphere.<\/span><\/p>\n

 <\/p>\n

Dust suppression is a critical issue in the world of mining and resources.<\/b><\/p>\n

Learn more about GRT\u2019s industry-leading and IoT-connected <\/b>SMART Dosing Units<\/b><\/a>, and discover how we\u2019re driving better dust suppression solutions for all!<\/b><\/p>\n

 <\/p>\n

Your feedback is important to us.\u00a0<\/b><\/p>\n

If you enjoyed reading this Global Road Technology industry update and found it informative, please let us know by leaving a REVIEW<\/a>.<\/span><\/p>\n

 <\/p>\n

References:<\/strong><\/h2>\n

https:\/\/www.australianmining.com.au\/queensland-urges-bhp-to-invest-in-the-state\/<\/span><\/a><\/p>\n

https:\/\/reneweconomy.com.au\/mining-giants-agree-to-end-feudal-energy-grids-and-create-massive-renewables-hub\/<\/span><\/a><\/p>\n

https:\/\/www.epa.nsw.gov.au\/news\/media-releases\/2023\/epamedia230821-epa-commences-proceedings-against-cadia-gold-mine<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A war of words has erupted after BHP threatened the Queensland Government with a \u201cnew investment pause\u201d in response to […]<\/p>\n","protected":false},"author":5,"featured_media":81584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-81583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-articles"],"yoast_head":"\nBHP Warns Queensland Over \u201cWorld\u2019s Highest\u201d Coal Tax<\/title>\n<meta name=\"description\" content=\"BHP faces tensions with Queensland over coal levies, while Pilbara mines unite for net-zero. 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