Mr. Johnston questions the Minister for Mines and Petroleum regarding a royalty review potentially targeting the gold sector and its impact on goldminers' commercial viability, job losses, and project closures. The Minister confirms that the review is targeting gold, and that miners have expressed concerns about negative impacts.

AnsweredQoN 588Legislative Assembly
Asked
19 August 2014
Portfolio
Mines and Petroleum

QuestionView source ↗

ROYALTY REVIEW — GOLD SECTOR
588. Mr W.J. JOHNSTON to the Minister for
Mines and Petroleum:
I refer to the minister's
comments at the Association of Mining and Exploration Companies'
conference in July that the Treasurer had taken a punt and booked $180 million
in revenue from the current royalty review, even before the completion of the
review.
(1) Are the
reports correct that this review will target the gold sector?
(2) Have
goldminers told the minister of the effect of increasing the gold royalty rate
on their commercial viability?
(3) If they have,
have the miners told the minister that these effects will include job losses,
project closures and project delays?

AnswerView source ↗

(1)–(3) The
short answer is no, yes and yes.

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