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WA ups gold royalties

Gold producers in Western Australia are set to pay another A$20 (US$16) an ounce following a royalty hike that politicians hope will improve the state's finances.

WA ups gold royalties WA ups gold royalties WA ups gold royalties WA ups gold royalties WA ups gold royalties

Increased royalties from WA gold producers should help repair the state’s finances

In releasing the state budget this afternoon, the government announced it would introduce “a tiered royalty” rate for gold producers from January 1 next year.

The royalty rate will be lifted to 3.