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Mcgowan's government propose gold royalties increase on gold miners

September 19, 2017
|

WA gold industry members have gathered at a rally in Western Australia mining sites to protest the proposed gold royalties increased by the Mcgowan government.

The labor government has proposed an increase in the royalty rate from 2.5% to 3.75% when the spot price moves above USD$1200/oz. This would reduces its total net debt by $392 million.

http://www.watoday.com.au/wa-news/wa-gold-industry-hold-antitax-rally-in-kalgoorlie-20170918-gyjuay.html