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


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Fire ablaze in Morayfield

FIRE crews are battling a blaze in Morayfield.

Fire crews are battling a blaze in Morayfield.

Police warn residents as thieves target Burpengary, Narangba

POLICE WARNING: Police have issued a warning to Narangba and Burpengary residents.

Live in Burpengary or Narangba? You might want to lock up.

Centrelink, Medicare, Child Support to be hit by strikes

Centrelink will be hit by industrial action.

Customers being urged to look at alternative options

Local Partners

First he was arrested, then he stole and crashed the cop car

A police car has been stolen and crashed this morning in Bellemere - and the thief didn't even have the car key.

Man builds playground entirely out of packing tape

Artist Eric Lennartson is in the process of completing his huge tape sculpture at the Ipswich Art Gallery.

VIDEO:And here's where you can play on it.

Countdown to Woodford Folk Festival begins

ECONOMIC BOON: Woodford Folk Festival is celebrating its 30th anniversary this year.  Photo Contributed

The first larger-than-life inhabitants have stepped into Woodfordia

'I need to do what I can': 65km walk for cancer patient

Karlee Robinson is walking from Caloundra to Noosa for her cousin Aaron Parker, who has terminal brain cancer.

What do you do when someone you love has terminal brain cancer?

Sia, Keith Urban top Aussie Grammy nominations

Nicole Kidman and Keith Urban at the 50th Annual Country Music Association (CMA) Awards

Beyonce dominates with nine nods for 2017 Grammy Awards

Hailey Baldwin: I don't understand Taylor Swift's squad

Hailey Baldwin has taken a quick stab at Taylor Swift and co.

Taylor Lautner 'spotted smooching co-star'

Taylor Lautner has been romantically linked to Billie Lourd

David Beckham's tattoos come to life for UNICEF campaign

David Beckham has called for an end to violence against children

Pop star Liam Payne's Facebook hacked with porn

"Things that can happen to you when you don't have sex."

Tim Roth was abused by his grandfather

Tim Roth was abused by his grandfather during his childhood.

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Couple's desperate $550K price drop to sell Gladstone home

Brian Headley and Kirstene Staib are selling their Kin Kora mansion for $750,000.

TELL tale sign of Gladstone's property market.

Banks reclaim Gladstone homes as job losses bite

LONG FALL: Property experts Heron Todd say, based on key market indicators, Gladstone is still travelling to the bottom of the market, with property prices set to get cheaper.

Property valuers say Gladstone housing market hasn't hit the bottom

Ready to SELL your property?

Post Your Ad Here!