Original article by Peter Ker
The Australian Financial Review – Page: 19 : 31-Oct-17
A congressional committee recently approved the Brazilian Government’s proposal to increase the nation’s iron ore royalty rate from two per cent to four per cent. Vale has advocated increasing the royalty via a sliding scale, warning that a fixed rise could force it to reduce production at some mines. Chile in turn proposes a hike in its lithium royalty rate. Meanwhile, Lion Selection Group’s Hedley Widdup notes that mining companies would have reduced their exploration budgets if the Western Australian Government’s push to increase its gold royalty had succeeded.
VALE SA, LION SELECTION GROUP LIMITED – ASX LSX, UBS HOLDINGS PTY LTD, AUSTRALIA. OFFICE OF THE CHIEF ECONOMIST