The Australian Mining Review - - NEWS -

“All of our projects are high mar­gin projects so the ad­di­tion of the roy­alty is not go­ing to change the busi­ness and how the busi­ness is run; that’s a re­al­ity.

But this is an im­post on the gold min­ing in­dus­try.

It’s a breach of prom­ises that the Labor party made dur­ing the cam­paign pe­riod.”

in­de­pen­dence Group chief ex­ec­u­tive and man­ag­ing di­rec­tor Peter brad­ford

“The WA gold in­dus­try is quite seg­mented and the scale of op­er­a­tors is re­ally broad, from ju­nior ex­plor­ers to global ma­jor pro­duc­ers.

[In­creased costs] al­ways goes through to dis­cov­ery costs and ex­plo­ration; the dis­cov­ery of new de­posits is be­com­ing in­creas­ingly more chal­leng­ing and any in­crease in the roy­alty will ma­te­ri­ally im­pact peo­ple’s de­ci­sion to in­vest.”

north­ern star chief ex­ec­u­tive stu­art tonkin

“It makes no eco­nomic sense that the WA Govern­ment would want to dam­age one of the en­gine rooms of our econ­omy by hit­ting it with a 50 per cent in­crease in a ma­jor cost, when that only rep­re­sents 0.2 per cent of the 2017/18 Rev­enue Bud­get.”

How is that Bud­get re­pair when 60 per cent of the rev­enue raised will go to Can­berra and be re-dis­trib­uted through the GST process?

The op­po­si­tion par­ties have all stood up for Western Aus­tralia as one of the world’s lead­ing min­ing ju­ris­dic­tions, and to stop job losses and pre­vent lost op­por­tu­ni­ties.”

AMEC Act­ing chief ex­ec­u­tive Gra­ham short

“For our busi­ness that [would have been] a $6 mil­lion hole into our free cash flow.

To think [the gold roy­alty] is not go­ing to have an im­pact on WA jobs is un­re­al­is­tic, and I sup­pose the big­gest dis­ap­point­ment out of all this is that this is the third time this has been floated up.

The pre­vi­ous two times it has been in con­sul­ta­tion, and we’ve been able to en­gage with Govern­ment. This one has had no en­gage­ment what­so­ever.”

Sara­cen Man­ag­ing di­rec­tor raleigh Fin­layson

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