A plan to increase the royalty on gold produced in Western Australia (E&MJ, October 2017, p. 18), announced in early August by the state’s Labor government, was voted down in the Western Australia Parliament on October 10 by a coalition of the opposition Liberal party and several minority parties. The government had planned to raise gold royalties from 2.5% to 3.75% from January 2018 in an attempt to raise almost A$400 million for use in curtailing the state’s debt, which, according to a report in WAtoday, is expected to peak at around A$43.8 billion by 2020.
EMJ Sidebar 01 (aka BoomBox)
EMJ Sidebar 02 (aka BoomBox_02)
EMJ Sidebar 03 (aka BoomBox_03)
