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!
