The Qld Government has announced a plan to help open up the Galilee Basin to mining. To help lower upfront costs, the Qld Premier said the Government is “offering a ramp-up-to-royalty initiative whereby the Government will consider offering reduced royalties for an initial period of time”. The strategy, Galilee Basin Development StrategyNovember 2013, is available on the Qld Department of State Development, Infrastructure and Planning website.
Source: Qld Premier’s media release, 7 November 2013
[LTN 217, 8/11/13]