Coal royalties a tiny part of state revenue

by Rod Campbell

In the old Chinese proverb, the frog in the well thinks he knows everything about the world, based on the little patch of sky he can see. The view from the bottom of an open-cut coalmine might be a little wider than that of a well, but NSW Minerals Council chief executive  Stephen Galilee’s discussion of the role of mining royalties in NSW is just as narrow (‘‘Time for coal cash to fill some of the holes’’, Herald, 20/1). 

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