In this episode of the BBMC Crib Room Podcast, Nick Jorss, Executive Chairman of Bowen Coking Coal and founder of Coal Australia, joins us for a passionate discussion about the coal industry's struggles under the Queensland royalties regime. With Bowen Coking Coal currently fighting to save 500 jobs, Nick explains how the company paid $120 million in state royalties before making their first profit, highlighting the unsustainable nature of taxing revenue rather than profits. Is there a solution? We tackle this huge question.
Tune in to find out:
-
What buying a coal mine for $1 actually means
-
The surprising (yet closely linked!) business that Nick is diversifying into
-
Which country we could be competing against for coal exports
-
The origin story of Coal Australia
Nothing is off the table - come and join us in the BBMC Crib Room!