iron ore royalties western australia

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

2016-10-6 · They also pay a royalty to WA of 7.5 per cent of the value of their iron ore and face other general business taxes and charges. Why only BHP and …

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Royalties for Voters $38,000 Dollars Cash

2020-12-23 · A plausible funding for giving our members and the voters of Western Australia $38,000 cash is a $4.50 per tonne royalty on iron ore. As a general principle we support everyone receiving $38,000 cash with the oldest voters receiving it first on their birthday. A possibility is that during the first four years, voters who were born on or before ...

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Clive Palmer crowns himself WA''s iron ore royalties king ...

Clive Palmer has crowned himself WA''s royalties king, usurping Angela Bennett and Gina Rinehart as the top beneficiary of Pilbara iron ore entitlement payments. Mr Palmer''s flagship company Mineralogy has revealed in a new Supreme Court action against his benefactors at the Sino Iron project that his royalties haul burst beyond $320 million ...

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WA Iron Ore Profile

2021-6-1 · 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 year.

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Western Australian Treasury''s Submission to

2021-11-11 · For example, if Western Australia swapped its iron ore royalties for equivalent payroll tax revenue, its GST grants are estimated to increase by around $3 billion per annum, to well above its population share. This highlights that the GST system does not adequately account for the different structure of Western Australia''s economy and

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Other W.A. Projects – Iron Ore Royalties

2021-9-10 · The surplus is $2.5 billion higher than the figure initially predicted by Treasury in February due to $11.3 billion in royalties paid by the State''s iron …

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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 …

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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.

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Mineral royalty rate analysis stakeholder consultation …

Iron Ore $234.3 $324.1 $3,128.7 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)

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Iluka to spin off BHP iron ore royalty business to new …

2020-2-20 · Iluka Resources has announced plans to demerge its royalty business at the BHP-operated Mining Area C (MAC) iron ore project in Western Australia following a company review. Iluka holds a royalty over iron ore produced from …

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Iron Valley

2022-1-5 · Iron Valley commenced exports in October 2014 and is generating royalty-type earnings for BCI. It is a relatively simple direct shipping ore operation which produces both lump and fines, which are hauled to Port Hedland utilising road trains and exported via Utah Point. It has a mine life of greater than 10 years based on shipment rates of ~6Mtpa.

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Royalty rates for construction and industrial minerals ...

2020-5-15 · Specific rate royalties fixed for five years to support industry through COVID-19. Cement, concrete and aggregate producers will benefit from the decision. Mines and Petroleum Minister Bill Johnston today announced that specific rate royalties applied to minerals used by Western Australia''s building and construction sector will remain at their ...

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Royalties information

In 2014–15, the former Department of Mines and Petroleum collected more than $5.3 billion in royalties from mineral and petroleum producers in Western Australia. These royalty funds are paid to the State Government and used for law enforcement, education, health, roads and community development programs.

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Mineral Royalties

Western Australia has a three-tiered royalty system that was introduced in 1981. 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 ...

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True giants of mining: World''s top 10 iron ore mines ...

2015-9-17 · The Western Australia''s Area C mine, led by POSMAC JV with major BHP Billiton''s ownership, is seventh with 57Mt of iron ore produced in …

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WA Iron Ore Profile

Cullen Resources Limited - Other W.A. Projects – Iron Ore ...

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Koolyanobbing Iron Ore Mine, Australia

The Koolyanobbing iron ore mine in Yilgarn region of Western Australia is owned and operated by Mineral Resources Limited (MRL). It is situated 50km north of Southern Cross and 400km east of Perth. MRL gained ownership of the mine …

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WA mining sector helps boost royalties surplus ...

2021-11-29 · In the 2021 financial year (FY21), record contributions from the mining and resources sector lifted Western Australia to a State Budget surplus of $5.6 billion. The state''s iron ore sector paid ...

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WA budget 2020: WA awash in iron ore cash as state …

2020-10-8 · Western Australia is awash with iron ore royalties, which have rescued Treasurer Ben Wyatt''s pre-election budget surplus and put the state on what he claims is one of best economic footings in the ...

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Iron Ore Miners Pay Three Quarters of WA Royalties

2016-9-8 · Iron ore miners in Western Australia paid three quarters of all royalty payments in 2015 – or $3.9 billion, according to new data from the Department for Mines and Petroleum. Based on recent iron ore prices of $60 per tonne, iron ore royalty payments -which include the mining lease rental – equate to $4.75 for every tonne mined in Western ...

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BHP said to owe $215m in underpaid iron ore royalties to ...

2019-1-21 · World''s largest miner BHP (ASX:BHP) is facing accusations by the state of Western Australia of having underpaid iron ore royalties on shipments sold via its Singapore marketing hub, stretching ...

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Investments — Perron Group

IRON ORE ROYALTIES / AS A RESULT OF THE HISTORIC AGREEMENT ENTERED INTO WITH HANCOCK AND WRIGHT, PERRON GROUP IS ENTITLED TO ROYALTY INCOME FROM VARIOUS MINING OPERATIONS IN THE PILBARA REGION OF WESTERN AUSTRALIA.. Iron ore prices received by Rio Tinto and tonnages shipped determine the …

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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 sales and require royalties on domestic sales to be paid on an equivalent basis to export sales. This will have important …

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WA Rich List 2019: 10 to 1 | The West Australian

2019-5-24 · The Perron empire straddles shopping centres and office towers, shares, real estate, a lucrative iron ore royalty and WA distribution rights to Toyota new vehicles. Perron Group does not disclose its financial accounts, but its …

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Iron Valley

2022-1-5 · Iron Valley commenced exports in October 2014 and is generating royalty-type earnings for BCI. It is a relatively simple direct shipping ore operation which produces both lump and fines, which are hauled to Port Hedland utilising …

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How WA''s iron ore royalties went everywhere else | The ...

2017-3-30 · WA''s share of the GST pie will be just 34 cents for every dollar raised. The loss is larger than the $37.8 billion in iron ore royalties collected by the State Government since 2006-07, and not far short of the $46 billion in total mining and energy royalties raised over that period.

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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 …

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The true story of Western Australia and the GST

2015-4-13 · They abruptly ended the royalty concessions previously given to BHP and Rio, and doubled the royalty on iron ore "fines" (iron ore in powder form) to the same rate as on lumps of ore. In the four years to 2013–14, iron ore royalties …

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WA Iron Ore Profile

2021-12-6 · Western Australia''s iron ore miners are among the world''s lowest cost seaborne iron ore exporters. The average total cash cost of Western Australia''s iron ore exports was US$34.5 a tonne in 2020, below the world average of US$45.3 a tonne, and below its main competitor in Brazil (US$36.0 a tonne).

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2021 Update report

2021-3-2 · concentration of iron ore deposits in Western Australia, this substantially bolstered its capacity to raise revenue through mining royalties, reducing its GST share and increasing those of the other States. In the case of the Northern Territory, this impact was offset by growth in royalties from other minerals. Overall, the boost in iron ore ...

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