The increase in the royalty on coal output announced by Australia's resource-rich Queensland state comes just one day after two of the country's biggest mining companies, BHP Billiton (BHP) and Xstrata (XSRAY.PK) said they were cutting jobs and production. Coal producers warn the levy could prompt further job cuts and mine closures.
The increase in the royalty on coal output announced by Australia's resource-rich Queensland...
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