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Mining Amendment Regulations (No. 2) 2017 — Gold Royalty Rates

🔴 High UrgencyResources · Mining Permit

Amends mining regulations regarding royalty rates for gold metal production.

Public Comment Deadline
29 October 2017
Deadline passed

Details

Act References
Amounts
$1,200 - gold spot price per ounce
2,500 ounce - gold metal produced
Notice Date
29 September 2017

Notice Text

These regulations amend the Mining Regulations 1981. Updates to regulation 86AA concern royalty rates payable for gold metal produced after 31 December 2017, setting a rate of 3.75% unless the average gold spot price is below $1 200 per ounce, in which case the rate is 2.5%. No royalty is payable if gold metal produced from a project during a financial year that ends on or after 30 June 2019 does not exceed 2 500 ounces.

WA Government Gazette No. 188/2017 · 29 September 2017 · Page 6
View Gazette PDF - Page 6
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