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Western Australia Seeks Gold Royalty Increase
The last few years have been difficult for gold miners and really tough for gold explorers. This holds true for the miners in gold districts near Kalgoorlie and Coolgardie in Western Australia. And, just as they say they are beginning to feel the effects of recently implemented optimization programs and a recovering gold price, the state government wants to increase the royalty by 50%. Western Australia has roughly 50 gold mines that run the gamut in size and they make a substantial contribution to local, state and federal governments. Each year, according to the Chamber of Minerals and Energy of Western Australia, the sector spends more than $4.4 billion on wages and salaries, business purchases, community contributions, and local government payments.
Western Australia Seeks Gold Royalty Increase
The last few years have been difficult for gold miners and really tough for gold explorers. This holds true for the miners in gold districts near Kalgoorlie and Coolgardie in Western Australia. And, just as they say they are beginning to feel the effects of recently implemented optimization programs and a recovering gold price, the state government wants to increase the royalty by 50%. Western Australia has roughly 50 gold mines that run the gamut in size and they make a substantial contribution to local, state and federal governments. Each year, according to the Chamber of Minerals and Energy of Western Australia, the sector spends more than $4.4 billion on wages and salaries, business purchases, community contributions, and local government payments.
Western Australia Seeks Gold Royalty Increase
Steve Fiscor (Autor:in)
2017
Aufsatz (Zeitschrift)
Englisch
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