The Queensland government has struck a new royalty deferral deal with the owners of the Carmichael coal mine in exchange for an expansion of its operations.<\/p>\n
The government has promised every deferred dollar will be repaid with interest by mining giant Bravus, formerly known as Adani, but won’t reveal details, such as when the money will be paid.<\/p>\n
Premier David Crisafulli said Bravus would spend $50 million to open the next stage of the Central Queensland mine as part of the arrangement.<\/p>\n
The mine is expected to expand its production by 30 per cent over the next four years \u2014 reaching 16 million tonnes per annum.<\/p>\n
“That money will be used to expand the workers’ village, create a new dam, a rail network hub for maintenance, and additional engineering works,” Mr Crisafulli said.<\/p>\n
“More importantly, it opens the door for half a billion dollars of investment and will enable an expansion to the tune of about a third of this mine.<\/p>\n
“Today’s announcement and the agreement ends years of hostility. More importantly, it will open the door for years of productivity.”<\/p>\n
David Crisafulli says the agreement will open the door for years of productivity. (ABC News)<\/p>\n
The former Labor government initially signed a royalty deferral deal with Bravus in 2020, which Treasurer David Janetzki suggested became subject to “proceedings”.<\/p>\n
He said those proceedings would now end, with the LNP government reaching a new arrangement with the mining company.<\/p>\n
“It is clear Bravus will repay every dollar to the Queensland people with interest. That is locked in,” Mr Janetzki said.<\/p>\n
“We have now come to an agreement where there will be no additional deferred royalties.”<\/p><\/blockquote>\n
Mr Janetzki would not say how much interest would be charged or when the deferred royalties would be paid.<\/p>\n
He claimed this was due to commercial in confidence arrangements agreed to under the Labor government’s deal.<\/p>\n
‘Secret sweetheart deal’<\/p>\n
Bravus chief operating officer Mick Crowe said the new deal would help the company build stability for the mine.<\/p>\n
“For Bravus, this is a 30 per cent expansion in our capacity,” he said.<\/p>\n
“It’s a big investment in the infrastructure that underpins the future.<\/p>\n
“We’ll continue to grow and invest in the 1,200 people who work out here. This creates more certainty for them in the future.”<\/p>\n
Shadow Treasurer Shannon Fentiman described the deferral as a “secret sweetheart deal to provide Adani with a royalty holiday”.<\/p>\n
![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/e08cbad4ed51a7e73f1a5e471e89b13b\")
<\/p>\n
Shannon Fentiman is accusing the government of giving Bravus a “royalty holiday”. (AAP: Darren England)<\/p>\n
Greens MP Michael Berkman also accused Mr Crisafulli of giving Bravus a “free pass” to dig up more coal.<\/p>\n
“What are Queenslanders getting out of this deal, and if it’s so great, why can’t we see the details,” he said.<\/p>\n
The government has insisted the only difference between the previous deal under Labor and the new deal was the $50 million investment from Bravus.<\/p>\n","protected":false},"excerpt":{"rendered":"The Queensland government has struck a new royalty deferral deal with the owners of the Carmichael coal mine…\n","protected":false},"author":3,"featured_media":158294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[25519,4740,91953,91954,91956,4795,50,4797,4798,4790,91955],"class_list":{"0":"post-158293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-adani","9":"tag-australia","10":"tag-bravus","11":"tag-carmichael-coal-mine","12":"tag-coal-royalties","13":"tag-david-crisafulli","14":"tag-news","15":"tag-qld","16":"tag-queensland","17":"tag-queensland-government","18":"tag-royalty-deferral-deal"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115055261409351400","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/158293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=158293"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/158293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/158294"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=158293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=158293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=158293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}