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Royalties

Royalties Online System for Western Australian mineral and petroleum producers to electronically prepare, lodge and view royalty returns and production reports. About Access; Interactive geological map (GeoVIEW.WA) An interactive, GIS-based mapping system. Construct your own geological map and incorporate other mineral and petroleum exploration datasets including mines and mineral deposits ...

Mineral royalty rate analysis stakeholder consultation …

ALR (Iron Ore) $0.7 $59.0 Gold $230.1 Alumina $66.2 Nickel $70.8 $20.2 Base Metals (Copper, Lead, Zinc) $40.8 $17.4 Mineral Sands $6.4 $17.0 Diamonds $5.4 $11.2 A table of royalty rates is provided in Attachment 1. Western Australia''s royalty systems 1. Rate Per Tonne (Specific Rate Royalty) The fixed rate system applies generally to low ...

Industry activity indicators

Royalty receipts from the iron ore industry alone were $9.8 billion, half a billion dollar more than the previous record single year State Government royalty paid for all commodities. The industry''s share of total royalty revenue also increased to 89 per cent from 84 per cent the previous financial year.

WA Iron Ore Royalties | DNR Capital

2011-5-20 · WA Iron Ore Royalties Friday, May 20 2011. WA has announced an increase the miners will pay for royalties on Iron Ore. Under the proposed Federal Government MRRT there would be NO impact on the mining companies, because the royalties are rebatable for MRRT – in other words, higher royalties means less MRRT – it''s just a wealth transfer from the Federal government to the WA state government!

Royalty row ends

2010-6-22 · WA premier Colin Barnett yesterday announced the two miners would pay 5.625% royalties on iron ore fines from 1 July. This agreed rate is a jump …

The time is right for review of the iron ore industry''s ...

The iron ore industry has turned WA from an agrarian backwater to the financial powerhouse it is now. Credit: Erin Jonasson. Since then the normalisation of the Pilbara towns and infrastructure ...

AMEC slams iron ore royalty rate increase

2011-5-20 · Part of this plan is to lift the royalty rate for iron ore fines from the current 5.6% to 6.5% from July 2012, and then to 7.5% in 2013, to align it with existing rate for other forms of iron ore.

Update on mineral royalty rates in Western Australia ...

2015-5-27 · Iron ore volumes are expected to rise from 632 million tonnes in 2013-14 to 716 million tonnes in 2014-15 and 799 million tonnes by 2018-19. The three biggest iron ore miners, BHP Billiton, Rio Tinto and Fortescue Metals Group are expected to account for 92.8% of all production volume in 2014-15, and 94.2% of royalty income.

WA Iron Ore Profile

Western Australia''s major iron ore ports are close to the largest iron ore markets in Asia, reducing shipping costs relative to some of its competitors. According to Wood Mackenzie, Western Australia''s average iron ore freight rate to China rose 2% to US$7.7 a wet tonne in 2019, well below Brazil''s rate of US$18.6 a wet tonne.

Overview of State Taxes and Royalties 2019-20

2020-2-3 · rate slides from 0% at $1.3m to 4.75% at $6.5m. 4.95% rate applies above $6.5m . Marginal rate slides from 0% at $1.5m to 4.95% at $1.7m. 4.95% rate applies above $1.7m . Marginal rate of 4.0% of payroll between $1.25m and $2m and 6.10% of payroll in excess of $2m . Marginal rate of 6.85% of payroll in excess of $2m . Effective rate slides from ...

WA still in ''argy-bargy'' with BHP royalties | PerthNow

2011-9-13 · Mr Barnett said raising the royalty rate of iron ore fines from 5.625 per cent to 7.5 per cent by 2014 would mean an increase from $10 a tonne to $13 a tonne. However, the selling price for iron ...

Swan slams mining royalties hike | The West Australian

2011-5-19 · Swan slams mining royalties hike. Federal Treasurer Wayne Swan has slammed Western Australian Premier Colin Barnett for hiking iron ore fines royalties, leaving the Federal Government with a $2 billion hole in its forward estimates. WA Premier Colin Barnett has announced in the State Budget that the royalty rate for iron ore fines will be ...

Mineral Royalties in Western Australia Information Sheet

2021-11-20 · Specific rate royalty Generally, specific rate royalties are used for low value construction and industrial minerals. A specific rate royalty is calculated based on the number of tonnes of the relevant mineral produced or obtained. Under regulation 86 (Table, column 1), the royalty rates for production between 1 July 2015 and 30 June 2020 are:

WA Iron Ore Profile

2021-4-14 · Iron ore accounted for 86% of Western Australia''s royalty revenue1 in the 2020 calendar year and 24% of State government general revenue in the 2019-20 financial year. Iron ore royalties in Western Australia rose 12% to $7.8 billion in the 2020 calendar …

Vox Royalty Corp increases producing royalties count to ...

2021-10-20 · Pitombeiras vanadium-iron ore project. Another of Vox''s royalty investments with production in its sights is Jangada Mines'' (AIM: JAN) Pitombeiras vanadium-iron ore project in Brazil. Vox has a 1% NSR royalty over the project, which Jangada is fast-tracking to production.

WA''s mining royalty

2009-2-13 · The Western Australian Government intends on phasing out the 1960s era concessional royalty rates that apply to iron ore exports from the Pilbara, The Australian Financial Review reports.

Why isn''t this WA iron ore mine paying royalties?

2021-10-14 · In the past 12 months, iron ore has traded at above US$200/tonne. In the next two years, the state government may forego a further $60 million in …

Western Australia''s Submission to the ...

2020-2-14 · royalty rates to minerals that will vary from actual royalty rates. For example, the suggested two-group assessment would apply a rate to iron ore that would be influenced by coal royalty rates, which are in part determined by the price of coal. While the rate difference may not appear large, it has a material impact, due to the

Media Statements

2011-7-20 · New royalty rates set to provide future economic benefits for WA. The State Government today announced the introduction of a set royalty rate of five per cent for magnetite concentrates. It is estimated the State will receive about $60million in 2011-12 from magnetite royalties, with expected increases to more than $160million a year by 2014-15.

Resource royalties return record revenue for WA ...

2021-9-10 · "Iron ore is the commodity most associated with WA and it''s good to see forecast royalty revenue from that of $9.2 billion next financial year – noting the State has been prudent to project ...

Mineral Royalties

It applies one of three royalty rates depending on the form in which the mineral is sold (ore, concentrate or final form), and the extent to which it is processed. Specific rate royalties, calculated at a rate per tonne of production, generally apply under the Mining Regulations 1981 to …

Perron Group back in black on iron ore royalties, land ...

2021-10-29 · An $18.7 million uplift in iron ore royalties and and $51.7m boost to land sales revenue helped Perron Group surge back into the black last financial year, following a significant loss in 2020.

The time is right for review of the iron ore industry''s ...

 · The iron ore industry has turned WA from an agrarian backwater to the financial powerhouse it is now. Credit: Erin Jonasson. Since then the normalisation of …

Royalties information

Royalties Online System for Western Australian mineral and petroleum producers to electronically prepare, lodge and view royalty returns and production reports. About Access; Interactive geological map (GeoVIEW.WA) An interactive, GIS-based mapping system. Construct your own geological map and incorporate other mineral and petroleum exploration datasets including mines and mineral deposits ...

The WA state government could be owed millions of …

Many major WA iron ore mines have specific state agreements that outline royalty payments. Some agreements date back to the 1960s. Iron ore is one of WA''s primary exports.

Miners to pay $1.9 billion more in state royalties

2011-11-10 · WA will reap $1.9 billion more in mining royalties over three years after the state government today increased royalty rates for granular-form iron ore after negotiations with BHP Billiton and Rio ...

Western Australia vows to fix royalty rates for industrial ...

2021-11-5 · Western Australia vows to fix royalty rates for industrial minerals. Minerals mined for use in the building and construction sector in Western Australia will not see an increase in royalty rates ...

Mineral Royalty Rates

Solutions argued that alumina and iron ore rates should be raised to 10%. • The Shire of Ashburton argued that the basis of the royalty rate should consider the costs of servicing the communities within the areas royalties come from, i.e. the provision of schools, hospitals, housing and transport.

WA mining tax explained: Why are Rio Tinto and BHP in the ...

WA Iron Ore Profile - March 2021 - Western Australia

Why isn''t this WA iron ore mine paying royalties? / News ...

2021-10-16 · So far, it has exported 20.6 million tonnes and a spokesperson said it expected to resume iron ore royalty payments within the next year. ''No-one foresaw'' high iron ore priceIn 2018, it was reported the deal would secure about 400 jobs and was predicted to see the state forego comparatively much less in royalties — about $62 million.

WA faces $13b hit to royalty revenue

2015-4-13 · WA faces $13b hit to royalty revenue. The West Australian government would lose a further $6 billion in royalty revenue if the iron ore price falls as low as predicted by Treasurer Joe Hockey ...

A 2016 Update of Effective Tax Rates on Australia Mining ...

2019-9-16 · the major WA iron ore miners could jump to 45 percent should the current tonnage charge of $0.25 be raised by 19 times to $5. 4 Refer to Government of Western Australia, Mineral Royalty Rate Analysis: Final Report (2015), page 19,

WA Iron Ore Profile

2020-12-8 · iron ore sales and royalty revenue: Financial years. 1 Includes North West Shelf Grants. Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual). The iron ore industry is a large part of Western Australia''s economy, accounting for 25% of gross state product and 60% of mining industry value added in 2019-20.

WA iron ore royalty lift boosts revenues

The WA government says the fines royalty rate will be lifted to 6.5 per cent from July 1, 2012, and to 7.5 per cent a year later to align it with the rate for other forms of iron ore, including lump.

Iron ore price surge set to boost WA budget amid Brazil ...

2020-5-28 · The iron ore price is up about 30 per cent as Chinese demand grows Higher mining royalty revenue is expected to fortify the WA budget Analysts say WA''s isolation and proximity to China are big ...

Changes to calculation of iron ore royalties in Western ...

2014-12-17 · On 28 November 2014, the Western Australian Government made changes to the manner by which iron ore royalties payable to the Government are calculated. These changes more clearly prescribe the scope of permissible deductions for export …