Overview

• He warned against "fair‑weather friends" that chase profits in booms then cut jobs, while declaring Queensland "open for business."
• BHP Mitsubishi Alliance last week announced 750 layoffs, the mothballing of Saraji South from November, and a review of its training academy, citing the royalties and market conditions.
• Anglo American and QCoal later announced additional reductions that reporting says took total industry job cuts to more than 1,200 roles.
• The progressive royalties introduced in 2022 charge about 20% from A$175/t, 30% from A$225/t and 40% above A$300/t, and miners are pushing to adjust the tiers.
• The government will meet the Queensland Resources Council on Friday, and reporters say any relief could focus on other state costs following August’s Adani royalty deferral deal.