News

Groundwater mining companies access worth $100m: report

A report has estimated the value of groundwater to mining companies in the Galilee Basin.
A report has estimated the value of groundwater to mining companies in the Galilee Basin. Daily Mercury Archives

A REPORT estimates hidden subsidies from the Queensland Government to the coal mining industry, in the form of the value of groundwater accessed for free, represent at least $100 million in value for the Galilee Basin coal mines alone.

"This analysis reveals that the mining industry reaps a huge financial benefit from accessing public groundwater resources effectively for free," The Australia Institute research director and report author Rod Campbell said.

"Our analysis indicates that the value of groundwater that will be provided to the Galilee Basin coal mines for free, if they are all constructed, would be worth approximately $100 million.

"Our analysis is based on the economic value of groundwater used by coal industry economics consultants and expert assessments of the total volume of groundwater that will be intercepted by the Galilee Basin coal mines.

"If large volumes of a public resource are being granted to private enterprises through a veiled subsidy that is not made transparent to the public, at the very least the community has a right to expect strong regulatory controls on use of that resource.

Mr Campbell said in Queensland the Government is instead moving to weaken regulation of groundwater.

"Just last week, the Minister for Mines and Natural Resources moved unilaterally to declare the Carmichael coal mine as a 'prescribed project' and 'critical infrastructure' which will allow the water licensing process to be fast-tracked and could limit opportunities to interrogate the impacts of the mine on groundwater," he said.

"Queensland's coal industry already receives great financial assistance from the Queensland community through government funded infrastructure, favourable tax treatment and unfunded environmental damage.

"As the world seeks to decarbonise the economy, the Queensland Government should be moving to wind back subsidies of this nature and should be increasing protection of groundwater resources, not weakening them."

A Department of Natural Resources and Mines spokesperson said "all water users accessing groundwater, regardless of whether it is used for farming and irrigation purposes or to support a mining development, must obtain a water licence and adhere to the same fees and charges."

Topics:  groundwater industry mining report



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Hansen says burqa ban discussion "needs to be had”

Maryborough candidate for One Nation James Hansen said a discussion on banning the burqa "needs to be had.”

Mr Hansen said he personally supports the proposal.

Europe is getting a taste of what Fraser Coast has on offer

Fraser Coast Tourism and Events representative Mark Juppenlatz took part in 'Queensland on Tour Europe 2017'.

A Fraser Coast representative is currently on a tourism tour.

WIN a fishing trip, $5000 BCF voucher and get free stuff

Want to catch one of these big fellas!? Get your name into our competition to win the ultimate fishing holiday!

WERE running a stack of reely incredible giveaways!

Local Partners

Madonna hopes for election unity

Madonna hopes Donald Trump's election will "bring people together"

JK Rowling rules out Cursed Child trilogy

JK Rowling has ruled out a 'Cursed Child' movie trilogy

Buckley's chance in psychological thriller

James McAvoy and Betty Buckley in a scene from the movie Split.

Broadway veteran back on big screen with James McAvoy

Daniel MacPherson: acting’s a bit like channel surfing

Australian actor Daniel MacPherson in a scene from the American TV series APB.

THE Aussie export talks about making his mark in the US.

Shopping isn't fun if you can see dead people

Lisa Marie Woodham will be giving readings in Gladstone until Saturday January 21.

Shopping isn't fun if you can see dead people

Buderim man strips off for speed dating with a twist

RAW AMBITION: Buderim local Jackson pictured with his blind date Candice in a scene from SBS's new dating show Undressed.

People have done stranger things for love

First home buyers the "lifeblood” of Fraser Coast market

CoreLogic property statistics reveal the region's median house price of $300,000 did not change in the September quarter.

Median house price of $300,000 remains steady in September quarter

By the water's edge

Secure your seachange

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Ready to SELL your property?

Post Your Ad Here!