The Stockton mine is hoping for a fast-tracked 25-year extension, as historic damages are costing the Crown more than it earns from all coal mine royalties
Im not an expert on it, but my guess is we own the coal, but its underground and hard to get out, so we let other people do the hard stuff and instead of paying us for the full value of the coal (which would mean they couldn’t make a profit) they pay us a royalty instead for the privilege of being able to dig up part of our country and sell it.
Im not an expert on it, but my guess is we own the coal, but its underground and hard to get out, so we let other people do the hard stuff and instead of paying us for the full value of the coal (which would mean they couldn’t make a profit) they pay us a royalty instead for the privilege of being able to dig up part of our country and sell it.