Confidence in the resource sector has increased after a new report revealed global demand for Australian coal is predicted to grow over the next five years.
Confidence in the resource sector has increased after a new report revealed global demand for Australian coal is predicted to grow over the next five years. Contributed

KAP calls for rumours on coal hikes to be 'put to bed'

KATTER'S Australian Party has called for any income from proposed hikes to coal royalties to be injected back into regional and Northern communities.

During Question Time Hinchinbrook MP Nick Dametto asked Treasurer Jackie Trad if State Government was talking to coal mining companies about proposed royalty increases.

Mr Dametto said while no increases had been announced, Treasurer Jackie Trad had not refuted the rumours.

"When questioned about this, the answer from the Treasurer wasn't a yes or no but rather a 'we'll let you know after we have decided on what's happening'," he said.

"There has been a lot of chat within the coal mining communities and some of those companies have got in touch with us and through the State Leader's office.

"We either want those rumours put to bed or we want some transparency around them and some assurances that the regions that actually generate this money will benefit from more taxation."

Mr Dametto said it State Government was going to increase coal royalties "we want to make sure they are going to be spending that in the North".

State KAP Leader and Traeger MP Robbie Katter said the KAP was seeking transparency on the matter.

"It's a contentious subject but look at the vitriolic way the Labor State Government has treated the issue of opening up mining in the Galilee Basin," he said.

"Nine years on and we are still waiting to find out if the State Government has determined if mines in this region 'stack up environmentally and financially'."



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