Schedule 9 Amendment of Mining Regulation 2003
(Section 3)
[1] Clause 44A Rates of royalty for coal
Omit “7%” from clause 44A (1) (a). Insert instead “8.2%”.
Omit “6%”. Insert instead “7.2%”.
Omit “5%”. Insert instead “6.2%”.
The proposed amendments increase the base rate of royalty payable for coal. The new rates will apply from 1 January 2009. The increases are as follows:(a) from 7% to 8.2% of the value of coal recovered by open cut mining,(b) from 6% to 7.2% of the value of coal recovered by underground mining,(c) from 5% to 6.2% of the value of coal recovered by deep underground mining.