wa royalty iron ore

Mineral Royalties

Royalties Online System for Western Australian mineral and petroleum producers to electronically prepare, lodge and view royalty returns and production reports. About Access; Interactive geological map (GeoVIEW.WA) An interactive, GIS-based mapping system. Construct your own geological map and incorporate other mineral and petroleum exploration datasets including …

Western Australia

2021-11-5 · • Standardised royalty rates of: – 7.5% of value of crushed and screened ore FOB port of export, e.g. lump iron ore – 5% of value of concentrate at smelter, e.g. base metals, nickel and silver – 2.5% of gross value of metal, e.g. gold • Defy the objective of various royalty amounts to equate to 10% of the ex mine value

Iron Ore Miners Pay Three Quarters of WA Royalties

2016-9-8 · Iron ore miners in Western Australia paid three quarters of all royalty payments in 2015 – or $3.9 billion, according to new data from the Department for Mines and Petroleum. Based on recent iron ore prices of $60 per tonne, iron ore royalty payments -which include the mining lease rental – equate to $4.75 for every tonne mined in Western ...

Iron Ore

2022-7-30 · In June 2019, Western Australia had $16.6 billion of major iron ore projects under construction or committed and $41.6 billion under consideration. Western Australia''s iron ore sales more than doubled over the past decade, from 317 million tonnes in 2008-09 to 794 million tonnes in 2018-19. China is the State''s largest iron ore export ...

The WA state government could be owed millions of …

Many major WA iron ore mines have specific state agreements that outline royalty payments. Some agreements date back to the 1960s. Iron ore is one of WA''s primary exports.

WA

Today, WA is one the world''s largest exporters of raw materials, including iron ore, gold, lithium, nickel, copper, lead, zinc, alumina, coal, diamonds, salt and mineral sands. ... providing around 20% of the State''s revenue through royalty payments annually, and over $1 billion a year being invested in mineral exploration. ...

Mineral Royalty Rates

from the mineral sands industry, two from the iron ore industry and two from the nickel industry. 2. Peak Industry Groups'' Submission Summary 2.1 Chamber of Minerals and Energy The Chamber of Minerals and Energy of WA (CME) recommends no increase in either the 10% mine-head value benchmark or the three-tiered royalty rates.

Iron Ore

In 2016-17, the volume of iron ore sales reached a record 790 million tonnes and was valued at $63.6 billion. Uses. Iron is the world''s most commonly used metal, and iron ore is a key ingredient for steel making. To produce 1,000 kilograms …

Australia: WA Mineral Royalty Rate Analysis – A Quick Guide

2015-5-12 · 2.5%, which applies to minerals in metallic form or equivalent. In the case of nickel, rare earths and vanadium pentoxide, the royalty is calculated as 2.5% of the contained mineral value. The royalty system was designed to return to the community about 10% of the mine-head value of the ore, regardless of the commodity or the level of processing.

WA Iron Ore Profile

2022-4-11 · Strong Chinese steel demand and disruptions to Brazilian iron ore supply raised prices for iron ore and steel in 2020-21. The WA Government Mid-year Financial Projections Statement 2021-22 forecasts the price of iron ore delivered to north China (including cost and freight) will average US$105 a tonne in 2021-22, as it starts to return to its ...

Industry Brief

WA Iron Ore Profile – August 2017 Page 1 of 4 Release Classification: Public Iron Ore Industry Profile August 2017 Western Australia Western Australia is the largest iron ore producer and exporter in the world, accounting for 38 per cent of global production and 53 per cent of global seaborne exports in 2016. The Pilbara region accounted for 94 per cent of Australia''s iron ore

Shippers outraged at WA''s iron ore export fee grab

How WA''s iron ore royalties went everywhere else | The

MINING REGULATIONS 1981

2021-6-16 · 86AD . Royalty value of iron ore. (1) In this regulation —. Dry Freight Wire means the publication titled "Dry Freight Wire" published by S&P Global Platts (a division of S&P Global Inc.); grade, of iron ore, means the iron content of the ore expressed as the percentage of iron per dry metric tonne of ore; Platts daily assessments means ...

Royalties information

Royalties Online System for Western Australian mineral and petroleum producers to electronically prepare, lodge and view royalty returns and production reports. About Access. Interactive geological map (GeoVIEW.WA) An interactive, GIS-based mapping system. Construct your own geological map and incorporate other mineral and petroleum exploration ...

Shippers outraged at WA''s iron ore export fee grab

2021-1-12 · The fees come as WA Premier Mark McGowan boasts of a strong financial position, which has been underpinned by soaring royalties from iron ore. The state expects to earn more than $8 billion in ...

Clive Palmer crowns himself WA''s iron ore royalties king in …

Clive Palmer has crowned himself WA''s royalties king, usurping Angela Bennett and Gina Rinehart as the top beneficiary of Pilbara iron ore entitlement payments. Mr Palmer''s flagship company Mineralogy has revealed in a new Supreme Court action against his benefactors at the Sino Iron project that his royalties haul burst beyond $320 million ...

WA budget: Iron ore royalties drive $1.7 billion surplus, …

2020-9-25 · An iron ore royalties windfall has helped shield State Government finances from the impact of COVID-19, with Ben Wyatt announcing a $1.7 billion surplus for the 2019-20 financial year. ... Buy Tickets Get tickets to the largest indigenous trade show in WA, featuring special guests and a performance by Jessica Mauboy! Find out More. From around ...

Western Australia Iron Ore Profile

$40b Iron ore royalty income was Western Australia''s third largest source of revenue in 2014-15, accounting for 14.2% of total revenue and 86.8% of royalty revenue. Western Australia''s iron ore royalties fell 27.4% to $3.9 billion in 2014-15, from a peak of $5.5 billion in 2013-14. The decline in royalty revenue is due to the fall in the

WA''s mining royalty

2009-2-13 · Latest News. The Western Australian Government intends on phasing out the 1960s era concessional royalty rates that apply to iron ore exports from the Pilbara, The Australian Financial Review ...

Mineral Royalties in Western Australia Information Sheet

2022-7-27 · In some cases e.g. nickel (regulation 86AB) and iron ore not exported (regulation 86AD), an alternative value applies e.g. London Metal Exchange or Steel Markets Daily/Platts. Rate of royalty in respect of gold Under regulation 86AA, the rate of royalty is 2.5% of the royalty value of gold produced.

Price drop signals the end of the iron ore age

2014-9-12 · But despite raking in billions of dollars from iron ore every year, WA mistakenly expected to be showered with even higher amounts of royalty revenues, and started spending before the proverbial ...

Koolyanobbing Iron Ore Mine, Australia

2020-10-20 · The Koolyanobbing iron ore mine in Yilgarn region of Western Australia is owned and operated by Mineral Resources Limited (MRL). It is situated 50km north of Southern Cross and 400km east of Perth. ... In February 2020, SilverStream, doing business as Vox Royalty, signed a preliminary purchase agreement to acquire a 2% royalty over a part of ...

WA mining sector helps boost royalties surplus

2021-11-29 · Royalty collections from the WA mining industry have helped the State Government to a $4.4bn surplus for the three months to September 30. ... The state''s iron ore sector paid $11.3 billion in ...

Iron ore profile

2022-4-6 · Western Australia''s iron ore sales more than doubled over the past decade, from 317 million tonnes in 2008-09 to 794 million tonnes in 2018-19. After years of strong growth, Western Australia''s iron ore sales are slowing, as China''s demand slows and …

Rates of Royalty

2022-7-29 · Iron Ore : (i) lumps : (a) with 65 per cent Fe content . or more. (b) with 62 per cent Fe content or more but less than 65 per. cent Fe. ... Rates of Royalty in respect of item 11 relating to Coal including Lignite as revised vide notification number G.S.R. 572(E), dated the 16th August, 2002 of Government of India, in the Department of Coal ...

WESTERN AUSTRALIAN FUTURE FUND BILL 2012 …

2022-7-21 · forecast revenue from the increase in the royalty rate on iron ore ''fines'' in 2012-13 (in the 2011-12 Budget, the Government announced that it would remove, in stages, the concessional royalty rate then applying to iron ore ''fines'' (5.625%), with a 6.5% royalty rate applying in 2012-13 and the full 7.5% ''lump'' iron ore royalty rate

Industry Brief

Iron ore royalty income accounted for 14 per cent of total WA Government revenue in 2015-16. In 2016 iron ore accounted for 77 per cent of total royalty income (including North West Shelf grants). Western Australia''s iron ore royalties fell 6 per cent to $3.6 billion in 2016, due to the fall in

Iron ore pumps extra $2.1b into WA coffers

2021-5-31 · WA''s government revenue was up almost $3.7 billion year-on-year for the nine months to the end of March, with the lion''s share coming from iron ore royalties. The state that is …

Resource royalties return record revenue for WA

2021-9-10 · "Iron ore is the commodity most associated with WA and it''s good to see forecast royalty revenue from that of $9.2 billion next financial …

WA tries to keep lid on expected windfall from iron ore …

2019-5-9 · WA''s iron ore royalty income is forecast to jump by $903 million on previous budget forecasts to $5.4 billion in 2018-19 in the fallout from the …

Other W.A. Projects – Iron Ore Royalties

Wyloo Iron Ore Project, Western Australia. Cullen has a 1.5% F.O.B. royalty up to 15 Mt of iron ore production from the Wyloo project tenements, part of Fortescue''s proposed Western Hub/Eliwana project, and will receive $900,000 …

WA premier Mark McGowan hikes port fees on iron ore …

2021-5-31 · The additional charges come at a time when the state''s iron ore miners are generating record profits and record royalties for WA. Royalty income for WA is expected to top $10 billion this year ...

Iron Ore

2022-7-15 · Our Wonmunna Iron Ore mine was purchased in 2020 from the Australian Aboriginal Mining Corporation Limited (AAMC). The Wonmunna operation is situated 80km North-West of Newman and 360km South of Port …

WA faces $13b hit to royalty revenue

2015-4-13 · WA faces $13b hit to royalty revenue. The West Australian government would lose a further $6 billion in royalty revenue if the iron ore price falls …

WA Iron Ore Profile

2022-1-10 · The value of Western Australia''s iron ore sales rose 48% to $154.7 billion in 2020-21, above compound annual growth of 10% over the past 10 years. Iron ore accounted for 89% of Western Australia''s royalty revenue1 and 28% of State government general revenue in 2020-21.

How WA''s iron ore royalties went everywhere else | The …

2017-3-30 · Since the middle of last decade, WA has lost almost $39 billion under the GST carve-up because of its relative strength in mining. The loss is larger than the $37.8 billion in iron ore royalties collected by the State Government since 2006-07, and not far short of the $46 billion in total mining and energy royalties raised over that period.

WA Iron Ore Profile

2021-12-6 · The value of Western Australia''s iron ore sales rose 48% to $154.7 billion in 2020-21, above compound annual growth of 10% over the past 10 years. Iron ore accounted for 89% of Western Australia''s royalty revenue1 and 28% of State government general revenue in 2020-21.

Western Australia''s economy and international trade

2022-7-8 · WA Iron Ore Profile - June 2022 DOCX (316.81KB) WA LNG Profile - June 2022 DOCX (300.94KB) WA Battery Minerals Profile - June 2022 DOCX (461.02KB) WA Trade Profile - April 2022 DOCX (716.02KB) Page reviewed 8 July 2022. Related information. Market outlooks. WA International Investment and Trade Office Network ...