Western Australia's Liberal Party to block gold royalty increase

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Published : October 11th, 2017
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Labor's $392 million gold royalty hike has been killed off, with Liberal MPs voting to block the controversial measure in the Upper House of Parliament.

The move, which comes after hundreds of gold miners rallied at State Parliament this morning, will mean the State Government will be required to plug a near-$400 million hole in the budget.

Opposition Leader Mike Nahan said the decision had been reached based on the concerns about job losses.

"It was our view that Mr McGowan did not seek or have a mandate to raise the gold royalty rate," he said. "It was a tough decision because we take our role very seriously."

Dr. Nahan said that a royalty increase did not reduce debt was also considered.

The decision comes as gold miners ramp up their campaign against the royalty hike, with a protest planned for the front steps of State Parliament ahead of the vote by Liberal MPs. ...

... For the remainder of the report:

http://www.perthnow.com.au/news/western-austr...s-set-to-blo...

Data and Statistics for these countries : Australia | Georgia | All
Gold and Silver Prices for these countries : Australia | Georgia | All
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