❓ A WA parliamentary question regarding the Sino Iron project's royalties and concessions. The response provides royalty estimates, details the royalty concession, and refers a question about consultation to another minister. It also states construction commenced soon after project approval.
AnsweredQoN 87Legislative Council
Asked
25 November 2008
Member
Portfolio
Leader of the House representing the Premier
QuestionView source ↗
SINO IRON PROJECT — ROYALTIES 87. Hon PAUL LLEWELLYN to the Leader of the House representing the Premier: I refer to the Iron Ore Processing (Mineralogy Pty. Ltd.) Agreement Amendment Bill 2008 and Citic Pacific Mining Management Pty Ltd’s Sino Iron project. (1) What is the total estimated value to the state of the royalties from this project? (2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE
AnswerView source ↗
I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
SINO IRON PROJECT — ROYALTIES
I refer to the Iron Ore Processing (Mineralogy Pty. Ltd.) Agreement Amendment Bill 2008 and Citic Pacific Mining Management Pty Ltd’s Sino Iron project. (1) What is the total estimated value to the state of the royalties from this project? (2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(1) What is the total estimated value to the state of the royalties from this project? (2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
SINO IRON PROJECT — ROYALTIES
I refer to the Iron Ore Processing (Mineralogy Pty. Ltd.) Agreement Amendment Bill 2008 and Citic Pacific Mining Management Pty Ltd’s Sino Iron project. (1) What is the total estimated value to the state of the royalties from this project? (2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(1) What is the total estimated value to the state of the royalties from this project? (2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(2) What is the total estimated value of the royalty concessions from this project? (3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(3) Has the Leader of the National Party been consulted on the royalty concessions in light of the royalties for regions commitments? (4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(4) When is the project estimated to commence? Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
Hon NORMAN MOORE replied: I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
I thank the member for some notice of this question. (1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(1) Based on a production of six million tonnes per annum of pellets and 21.6 million tonnes per annum of iron ore concentrates for export over a 25-year period from the Sino Iron project, the estimated royalties to the state are $A3.3 billion. (2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(2) The royalty concession on the Sino Iron pellet project is a discounted royalty of 0.5 per cent on the iron ore feed to the pellet plant. The final value of the concession will depend on market prices and exchange rates during the period. (3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(3) The member should direct his question to Hon Brendon Grylls. (4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
(4) Project proposals for the Sino Iron project 1 pellet project were approved by the minister on 2 May 2008. Construction commenced soon after.
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