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Crank up mining royalties on Iron ore, page-71

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mickban

12,279 Posts.

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25/03/20

00:19

Post #: 43679776
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Originally posted by moorookamick ↑

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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Talk facts, not speculation.

We are internationally competitive because we are a low political risk.
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