From October 4 – Australian gold producers have joined forces to fight a planned royalty hike on sales.
- The Western Australian government is reviewing royalty payments on a range of minerals, and a group of Australian gold miners are preparing a submission to halt any hike on gold
- “Anything that adds to the cost base has the potential to make some of these mines marginal” is the basic gist of their argument
More here
and here Australia’s Gold Miners Gang Up to Thwart Royalty Hike (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)
