Coal is stockpiled before being loaded on to ships at the RG Tanner Coal Terminal in Gladstone in Queensland, Australia on Jan. 20, 2012. The Terminal plays a vital role in delivering coal supplies to foreign markets. AAP Image/Dave Hunt
Surging commodity prices and higher mining tax revenue are set to deliver a multi-billion-dollar boost to the Labor government’s federal budget.
The Minerals Council of Australia predicted higher commodity prices will likely add about $8.1 billion (US$5.74 billion) in extra company tax revenue in 2025-26 compared to last year’s Federal budget estimates.
