Hon. Norman Moore questions the Premier regarding potential changes to Argyle Diamond's royalty rate and calculation mechanism, and whether the scheme would be extended to other diamond producers. Hon. Kim Chance declines to comment due to ongoing negotiations.

AnsweredQoN 854Legislative Council
Asked
10 November 2005
Portfolio
Leader of the House representing the Premier

QuestionView source ↗

(1) Will the Premier confirm media reports that cabinet has agreed to reduce Argyle Diamond’s royalty rate? (2) Is it also correct that cabinet has agreed to change the mechanism for calculating the royalty payments for Argyle production? (3) Will the government consider extending the Argyle royalty scheme to other diamond producers; and, if not, why not? Hon KIM CHANCE

AnswerView source ↗

I thank the member for some notice of this question. (1)-(3) The government is currently in negotiations about this issue. I will not jeopardise those negotiations by adding to media speculation.
(2) Is it also correct that cabinet has agreed to change the mechanism for calculating the royalty payments for Argyle production? (3) Will the government consider extending the Argyle royalty scheme to other diamond producers; and, if not, why not? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The government is currently in negotiations about this issue. I will not jeopardise those negotiations by adding to media speculation.
(3) Will the government consider extending the Argyle royalty scheme to other diamond producers; and, if not, why not? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The government is currently in negotiations about this issue. I will not jeopardise those negotiations by adding to media speculation.
Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The government is currently in negotiations about this issue. I will not jeopardise those negotiations by adding to media speculation.
I thank the member for some notice of this question. (1)-(3) The government is currently in negotiations about this issue. I will not jeopardise those negotiations by adding to media speculation.
(1)-(3) The government is currently in negotiations about this issue. I will not jeopardise those negotiations by adding to media speculation.

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