Mining Amendment Regulations (No. 2) 2017 — Gold Royalty Rates
Amends mining regulations regarding royalty rates for gold metal production.
Details
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.
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