LYC 0.82% $6.16 lynas rare earths limited

royalty tax

  1. 255 Posts.
    I noticed on the Molycorp message board today that there is a post indicating that Bloomberg is reporting a new 2.5% royalty tax on Western Australian mining operations. They state that Lynas would potentially have to pay $17 to $18 million/year in royalty taxes. Can anyone verify this tax?
 
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