Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsA government plan to revert from a triennial to an annual basis for mining work plan approvals (RKAB) has drawn mixed reactions from industry players, with some warning of increased uncertainty and red tape but others seeing a chance to boost flexibility and revenue.
The energy minister has announced the move to undo last year’s implementation of the three-year approval process via the e-RKAB platform, which had led to overproduction and weaker oversight as well as reduced tax collection.
A global shift in coal markets, along with ongoing geopolitical tensions, have left local miners scrambling to realign their strategy to offset shrinking export opportunities by shifting their focus to domestic sales and making inroads into smelting.
Industry groups are pressing the government to delay increasing mining royalties this month as planned, regardless of the pause in US tariffs, underlining the persistent global uncertainty and already burdensome domestic rules for miners.