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.
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.
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.