A coal train travels through the Hunter Valley in Singleton, Australia, on April 15, 2023. Roni Bintang/Getty Images
Surging commodity prices and higher mining tax revenue are set to deliver a multi-billion-dollar boost to the Labor government’s federal budget.
The Minerals Council of Australia predicted higher commodity prices will likely add about $8.1 billion (US$5.74 billion) in extra company tax revenue in 2025-26 compared to last year’s Federal budget estimates.
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