ESG

Coal prices force $1B Qld write-down

DEPRESSED coal prices have combined with drought-induced declines in agricultural output and federal disaster relief money coming earlier than expected, forcing Queensland’s state government to write down nearly $A1 billion in revenue for 2014-15 in yesterday’s “mini budget”.

Anthony Barich

Coal prices force $1B Qld write-down

Treasurer Tim Nicholls said there had been a $971 million write-down since the June budget, blowing out the deficit to $2.84 billion for this financial year. Queensland Resources Council acting CEO...

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