The West Australian (WA) government has increased iron ore royalties.
Increased royalty on fines, ~ 1% NPV impact on major diversifieds. WA state royalties on iron ore fines, currently 5.6% of revenue, are to increase to 6.5% from mid 2012 and 7.5% from mid 2013. Lump iron ore already attracts 7.5%
Courtesy of Macquarie
whats going on, page-2
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