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



How to do Eat Street the right way

EVERYTHING you need to know to get the most out of your Eat Street experience and to avoid a food coma when you’re only one stall deep.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Gladstone mum makes 'truly sad' announcement

TOUGH CALL: Lauraine Schmitt (picture at the back with reindeer antlers) described the Boyne Island Red Rooster team as "like family".

SHE ONLY bought the business off her parents four year ago.

Gladstone man's massive gold find claim, needs mining giant

BIG FIND: Explorer Jeff Harris clams he's found 'a lost Dutch settlement' in the countryside of Western Australia.

GLADSTONE man needs cashed-up investors after claiming he found gold

New boss leaves horror years, embattled project

Glen Lewis will start work as managing director for Realm Resources on March 6.

NEW BOSS of major mine looks forward to putting horror years in past

Local Partners

Excitement builds for massive, new Tannum village plan

PLAN to plonk a new village on a vacant block of land in Tannum is gathering supporters quickly.


Feeling Lucky?

Win $1000 worth of Scratchies
Learn More

REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Messing with your head

MIND BLOWN: What could be weirder than the realisation that we have another completely separate brain and nervous system than the one originating in our heads?

Fascinating connection between your gut and your brain

Sir Elton John coming to Mackay: What you need to know

Sir Elton will come to Mackay and Cairns in September.

Tickets to the concert go on sale on March 14

Living End, Grinspoon stars hit stage for American Idiot

GET a sneak peek at Green Day's American Idiot The Musical as we go behind the scenes to meet the stars at a QPAC rehearsal.

Samuel L Jackson dismisses La La Land ahead of Oscars

Ryan Gosling and Emma Stone in a scene from the movie La La Land.

Hollywood actor and Oscars voter says Denzel should win top gong

Live performance of Sci-fi classic to open Science Festival

Qld Symphony Orchestra perform live to 2001: A Space Odyssey.

Festival will host A Live Presentation of 2001: A Space Odyssey.

Former Family Matters stare accused of child abuse

Reginald VelJohnson, left, and Darius McCrary arrive at the TV Land Awards on Sunday, April 19, 2009 in Universal City, Calif.

Darius McCrary has been accused of child abuse

Bindi Irwin's birthday tribute to her dad

Bindi Irwin

Bindi Irwin has paid tribute to her dad on his 55th birthday

Reality TV show gives Maryborough a boost

*WARNING EMBARGOED until 9.15pm Monday January 30* Sean Hollands and Susan Rawlings pictured after their wedding on the TV series Married At First Sight. Supplied by Channel 9.

Maryborough looks good on reality TV show.

72 hours of things you can't miss in the Gladstone region

The Screaming Jets are making their way to Gladstone in 2017.

YOU CAN'T miss these things to do in the Gladstone region.

Gladstone's 20 cheapest properties on the market, all under $150K

DIRT CHEAP: 5/239 Sun Valley Rd, Kin Kora is selling for $140,000

PROPERTY sellers drop prices as houses and units sell for bargains.

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Ready to SELL your property?

Post Your Ad Here!