Crank up mining royalties on Iron ore, page-70

  1. 21,999 Posts.
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    Dont kitchen sink the issue. The truth of the matter is that Indonesia has a royalty rate of twice that of Australia , a divestement program which compells foreign owners to divest at least 51% within 10 years of the start of the project and a corrupt regime that could add another few % to the royalty.

    If Indonesian royalty was half ours,would you be advocating that we halve ours to be internationally competitive?
 
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