Lift ore roy­al­ties: Chap­ple

Pilbara News - - News - Tom Zaun­mayr

The WA Greens have called on roy­al­ties to be in­creased across the board as the State Govern­ment faces mount­ing pres­sure from the gold min­ing in­dus­try over the roy­alty hike an­nounced in the State Bud­get.

The Govern­ment an­nounced an in­crease to the gold roy­alty rate from 2.5 to 3.75 per cent, but Greens Mem­ber for Min­ing and Pas­toral Robin Chap­ple said the mea­sure did not go far enough.

“The gold in­dus­try has been un­fairly tar­geted by the McGowan Govern­ment, de­spite other play­ers — iron ore in par­tic­u­lar — pulling in su­per prof­its that the peo­ple of West­ern Aus­tralia are not get­ting a fair re­turn on,” he said. Mr Chap­ple also crit­i­cised the sign­ing of an­other State agree­ment act.

“State agree­ment acts have been a dis­as­ter in prac­tice for the State in its abil­ity to reg­u­late cer­tain play­ers in the in­dus­try,” he said.

“They are anti-com­pet­i­tive and they mean that those play­ers who are lucky enough to have signed onto one with the Govern­ment of West­ern Aus­tralia have a right to veto any changes to their min­ing con­di­tions, in­clud­ing roy­alty rate in­creases.”

Mr Wy­att said gold had his­tor­i­cally de­liv­ered less value to State than other re­sources.

“Iron ore has a roy­alty rate of 7.5 per cent, gold has a roy­alty rate of 2.5 per cent,” he said.

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