MINING LEASES – WESTERN AUSTRALIA

Palmer sues CITIC for $A10b over iron ore project

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Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 1-Sep-15

Resources owner and federal MP Clive Palmer has filed a $A10 billion law suit against CITIC over its iron ore project in Western Australia. He alleges a breach of a commercial arrangement involving iron ore royalties. Palmer also launched a separate $A170 million claim against two directors of CITIC subsidiaries based in Perth and a CITIC Capital director in Hong Kong.

CORPORATES
CITIC LIMITED, SINO IRON PTY LTD, CITIC CAPITAL PARTNERS LIMITED, SUPREME COURT OF WESTERN AUSTRALIA, MINERALOGY PTY LTD, CITIC PACIFIC MINING MANAGEMENT PTY LTD, PALMER UNITED PARTY

Atlas boss backs royalty easing

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Original article by Paul Garvey
The Australian – Page: 19 : 21-Jan-15

Atlas Iron has advised that it lost around $US3 for each tonne of iron ore that it shipped in the December 2014 quarter, due to the sharp decline in the price of the steel input. MD Ken Brinsden has welcomed the Western Australian Government’s temporary measure of a 50 per cent rebate on iron ore royalties for smaller producers. He adds that the royalty relief should boost Atlas’s quarterly cash flow by about $A8m in 2015

CORPORATES
ATLAS IRON LIMITED – ASX AGO, FORTESCUE METALS GROUP LIMITED – ASX FMG

Palmer mine bid rejected

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Original article by Andrew Burrell
The Australian – Page: 5 : 5-Nov-14

Western Australian (WA) magistrate Stephen Wilson has found against the Mineralogy group, and declared its mining ­licence application in breach of the federal Native Title Act as well as WA’s Mining Act. The private vehicle of billionaire and federal MP Clive Palmer has also been criticised by the traditional Kuruma Marthudunera land owners, with Yamatji Marlpa Aboriginal Corporation CEO Simon Hawkins noting that Mineralogy has been cited by the mining warden over such flawed practices three times in a decade

CORPORATES
MINERALOGY PTY LTD, MINING WARDEN’S COURT (WESTERN AUSTRALIA), FORTESCUE METALS GROUP LIMITED – ASX FMG, YAMATJI MARLPA BARNA BABA MAAJA ABORIGINAL CORPORATION

Setback for Rinehart in dispute over royalties

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Original article by Leo Shanahan
The Australian – Page: 21 : 17-Sep-14

A court decision will reduce iron ore royalties for Hancock Prospecting and Wright Prospecting by $A80 million. The companies wanted $A200 million from Rio Tinto, in a dispute stemming from royalty agreements made in the 1960s with Hamersley Iron, now a subsidiary of Rio Tinto. Part of Rio’s appeal was dismissed, but the court found that the joint venture Hanright was not entitled to royalties from the Channar agreement

CORPORATES
RIO TINTO LIMITED – ASX RIO, HANCOCK PROSPECTING PTY LTD, WRIGHT PROSPECTING PTY LTD, HAMERSLEY IRON PTY LTD, HIGH COURT OF AUSTRALIA

Goldminers unite against WA royalty rise

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Original article by Barry FitzGerald
The Australian – Page: 22 : 6-Aug-14

The Western Australian (WA) Government signalled in its 2014-15 Budget papers that it may review the mining royalties regime for gold tenements in the state. This has sparked fears of a major increase, possibly from the current 2.5% to 5%, among producers. The new Gold Royalties Response Group lobbying alliance has been set up by companies including Doray Minerals, Northern Star Resources, Norton Gold Fields, Regis Resources, Newmont Mining and Silver Lake Resources. They have launched a radio and social media advertising campaign to draw attention to the issue, at the "Diggers & Dealers" forum in Kalgoorlie in early August 2014

CORPORATES
SILVER LAKE RESOURCES LIMITED – ASX SLR, DORAY MINERALS LIMITED – ASX DRM, NORTHERN STAR RESOURCES LIMITED – ASX NST, NORTON GOLD FIELDS LIMITED – ASX NGF, REGIS RESOURCES LIMITED – ASX RRL, NEWMONT MINING CORPORATION, MINERALS COUNCIL OF AUSTRALIA, ASSOCIATION OF MINING AND EXPLORATION COMPANIES, DIGGERS AND DEALERS FORUM, AUSTRALIAN LABOR PARTY