Queensland coal producers to cut costs as royalties rise and prices fall

摘要

COAL producers in Australia's Queensland state expect to cut costs in response to a hike in royalty rates, a survey of industry chief executives (CEOs) released this week has found, as one of the state's coal miners slashed its workforce by 40%. The survey, conducted by the Queensland Resources Council (QRC), found that 77% of respondents would necessitate measures to reduce costs in the face of higher royalty rates.