The Western Australian McGowan Government has finalised an ongoing dispute with mining major BHP related to iron ore royalty deductions.
New South Wales mining royalties are at record levels and forecast to keep the state budget in surplus over the forward estimates to 2022-23, despite the sector getting no share in the 2019-20 state budget.
The minerals industry has welcomed the New South Wales government’s commitment to not increasing mining royalties in the upcoming state budget.
Northern Territory Treasurer Nicole Manison has revealed state budget plans to introduce increased royalties on the mining industry, a situation the chief executive officer (CEO) of the Association of Mining and Exploration Companies (AMEC) has called “an absolute disaster for the Northern Territory economy”.
The Australian mining sector doubled its economic contribution over the last year thanks to massive tax increases in 2016–17, according to David Byers, interim chief executive of the Minerals Council of Australia.
A Western Australian Government decision to increase royalties for gold producers in its latest State Budget has angered the mining industry, which fears the move will close mines and cost jobs.
The Queensland Government has signed a royalty agreement with Adani for the Carmichael coal project, bringing more certainty to its development.
The Queensland Government has unveiled a new resources policy on royalties, which will require Adani to pay all of its royalties for the Carmichael mine.
A group of 21 high-ranking South Australians have called on politicians to continue exploring the development of the proposed nuclear repository.
NSW coal royalties have contributed less to the state than the government had expected, dropping by approximately $270 million in this year’s state budget.
Queensland treasurer Curtis Pitt upheld the government’s commitment not to increase royalties in yesterday’s state budget.
Up to a third of Queensland coal mines are operating at a loss according to QRC data.
BHP has released a new report which shows that most of their payments to governments worldwide are made to the Australian government.
The Queensland government expects to receive more than half a billion in LNG royalties by 2018-19, according to a report from EnergyQuest.
The New Acland coal mine expansion has received a draft authority from the Queensland government, but not without ongoing controversy.
With the commodity losing confidence from investors around the world, gold producers in Australia launched a new Gold Industry Group last week to speak for the domestic industry.
Ellendale diamond mine owner Kimberley Diamonds has a history of failed royalty payments to the WA government.
The Queensland budget is set to take a $3 billion hit over the next four years on the back of falling mining royalties.
The battle between Rio Tinto, Hancock Prospecting and Wright Prospecting has reached the high court.
The WA government says it won’t be increasing mineral royalty rates in this year’s state budget.