Minerals mined for use in the building and construction sector in Western Australia will not see an increase in royalty rates for the next five years.
The rate royalties for minerals classified under Amount A (73 cents) and Amount B (117 cents) will remain at their current levels starting July.
They include building stone, clay, construction and chemical use limestone and metallurgical use silica and talc.
This announcement follows the Western Australian government’s decision to streamline administrative procedures and reduce the mines safety levy in a bid to support the mining industry through coronavirus.
“The decision not to increase the specific rate royalty follows the McGowan Government’s $24.5 million package to help the building and construction industry maintain a skilled workforce and support apprentices and trainees,” Western Australia’s Mines and Petroleum Minister Bill Johnston said.
“Producers of basic raw materials play an important role in Western Australia’s growth as they allow new homes to be built and new roads and railways to be constructed.
“Leaving the rate royalty at current levels reflects our commitment to helping our economy recovery post-COVID-19.”