Iron ore mining in Western Australia, in the 2018–19 financial year, accounted for 54 percent of the total value of the state's resource production, with a value of A$78.2 billion. WEBINAR: Essential rules of adopting AI in Mining and Metals - February 23, 2021. About Access; Interactive geological map (GeoVIEW.WA) An interactive, GIS-based mapping system. Lundin Mining Corp. has announced production results for the 3 and 12 months ended 31 December 2020. Empress Royalty (CVE:EMPR) President ... Mining Australian Potash Lake Wells Gold JV partner St Barbara confirms... 1 hour, 30 minutes ago. Read the latest. [3] [1] Iron ore mining in Western Australia is predominantly, but not exclusively, carried out in the Pilbara region, which produced ore in value of A$76.8 billion in 2018–19, 98 percent of the total for the state. Copyright © 2021 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | We look forward to following developments at the project as drilling continues and technical studies commence.". Offshore mineral exploration and mining; Offshore oil and gas exploration and development; Offshore petroleum exploration acreage release process; Regulating offshore oil and gas in Australian Commonwealth waters; Regulating the Ranger Uranium Mine; Taxes and royalties on minerals and petroleum; Measurement. Royalties - payments are made through EFT. Early stage drilling shows good potential for future mineral resource definition. Construct your own geological map and incorporate other mineral and petroleum exploration datasets including … Our department recognises the First Peoples of this nation and their ongoing connection to culture and country. Become a member » Minerals – Part 7, Section 73, Schedule 6, Mining Regulation 2016; Coal - Part 7, Section 74, Mining Regulation 2016; Petroleum (Onshore) - Part 8, Petroleum (Onshore) Regulation 2016 "It is also encouraging to note that the royalty area shows prospectivity for the definition of further resources as highlighted by developments at the emerging Cleo deposit. Hole RCLR0680: 13 m at 2.96 g/t Au and 4 m at 2.97 g/t Au from 270 m. Hole RCLR0681: 9m at 3.81 g/t Au from 255 m. Significant new hanging-wall gold mineralisation identified to the west of the Jennifer structure; downhole examples include: Hole RCLR0731 with 7 m at 2.21 g/t Au from 312 m. Hole RCLR0682 with 18 m at 1.79 g/t Au from 168 m. Hole RCLR0681 with 15 m at 1.27 g/t Au from 85 m. New near-surface gold mineralisation identified; down-hole examples include: Hole RCLR0741 22 m at 1.31 g/t Au from 120 m. Hole RCLR0722 10 m at 1.22 g/t Au from 30 m, 8 m at 3.53 g/t Au from 43 m and 3 m at 8.22 g/t Au from 85 m. Apollo has stated that drilling along the 1.7 km long Rebecca deposit continues to demonstrate the strength of the mineralised system, confirming and building on the geological modelling and that the major mineralised structures remain open to depth and will be the focus of additional RC and diamond drilling during 2021. Read the article online at: https://www.globalminingreview.com/exploration-development/14012021/trident-royalties-provides-lake-rebecca-gold-project-update/, Join us for a webinar with OSIsoft to learn a simple definition of AI and the benefits of adopting it into your operations, the anatomy of a successful AI project and real-world examples and success stories. Apollo well-funded to continue the work programme (AUS$18.6 million in consolidated cash as of 11 January 2021). Royalties Online System for Western Australian mineral and petroleum producers to electronically prepare, lodge and view royalty returns and production reports. Adam Davidson, CEO and Executive Director of Trident, commented: "We are delighted by the exploration progress Apollo has made at the 1 million oz Lake Rebecca Gold Project, over which Trident holds a 1.5% net smelter royalty. Vox is a growth precious metals royalty and streaming company with a portfolio of over 45 royalties and streams spanning eight jurisdictions. The Australian economy is unique in the OECD in that about 20% of GDP is accounted for by mining and mining services (in 2012). Mining companies also paid $12 billion in royalties in 2017-18, providing total revenue to Commonwealth and State Governments of nearly $31 billion. The Minerals Resource Rent Tax (MRRT) was a tax on profits generated from the mining of non-renewable resources in Australia. Royalties for mining and resources. Treasury predicted six months ago mining royalties would be $1.869 billion for the 2020-21 year, but the "much weaker outlook for coal" since then had prompted it to cut the forecast to $1.4 billion. As mentioned earlier, Western Australia derives a substantial portion of its revenue from mining royalties and in turn this has an impact on its treatment in the allocation of GST revenue. ... Newcrest, Greatland deliver on Havieron's accelerated timeline - Australian Mining, Share on FacebookShare on TwitterShare on Linked InShare by Email. Newcrest Mining has commenced early works at the Havieron gold-copper joint venture in Western Australia. Infill and step-out drilling results considered very positive. … For full functionality of this site it is necessary to enable JavaScript. A mineral royalty is the price charged by the Crown for the transfer of the right to extract a mineral resource. In most countries, the mining royalty rates vary by type of mineral. Get started absolutely FREE in 2 minutes, no credit card required. Email: enquiries@globalminingreview.com. Here are the Embed article link: (copy the HTML code below): This article has been tagged under the following: Australian mining news Royalties Online System for Western Australian mineral and petroleum producers to electronically prepare, lodge and view royalty returns and production reports. Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks. Infill and extensional reverse circulation (RC) drilling focusing on a part of the Cleo target, 1.4k m to the west of the Rebecca deposit, has returned encouraging results from shallow depths; example down-hole intersections include: Hole RCLR0683: 10 m at 1.0 g/t Au from 110 m. Hole RCLR0684: 10 m at 0.82 g/t Au from 20 m, 5 m at 1.69 g/t Au from 35 m, 5 m at 4.24 g/t Au from 80 m and 5 m 1.46 g/t Au from 95 m. Hole RCLR0685: 5 m at 3.76 g/t Au from 55 m, 15 m at 0.52 g/t Au from 80 m, 28 m at 0.63 g/t Au from 105 m and 10 m at 0.92 g/t Au from 140 m. These encouraging intercepts lie within a 150 m wide surface footprint and feature broad down-hole anomalous zones of gold anomalism, for example 115 m at 0.51 g/t Au from 40 m in RCLR0685 (calculated at nominal >0.1 g/t Au and 2 g/t Au top-cut). Annual fee & Rent. Exploration drilling continues to test under-explored structural targets lying between the Cleo, Duchess and Rebecca deposits. Industry & services Electric Royalties Provides Asset Update - Junior Mining Network Friday - January 22, 2021 Energy and Mining Mining Royalties A Global Study ofTheir Impact on Investors,Government,and Civil Society ... 3.6 Summary of Royalty Practices in Selected Australian Jurisdictions 89 Contents vii. Pilbara Minerals has finalised its acquisition of the Altura lithium project in Western Australia from Altura Mining for $201 million. Deterra, the country’s biggest listed mining royalty business, joins Australia’s top 200 listed companies after issuing about 528 million shares, which started trading at A$4.87 per share. Dangerous goods licensing. Latest advances in South Australian geoscience and resource sector news Deterra, the country's biggest listed mining royalty business, joins Australia's top 200 listed companies after issuing about 528 million shares, which started trading at A$4.87 per share. Remote Indigenous communities in Western Australia may be saved from closure by mining royalties, if the cabinet agrees to a proposal from … Editorial Assistant Research by Deloitte Access Economics reveals that Australian mining companies paid $18.6 billion in company tax in 2017-18, the highest since the mining investment boom in 2011-12. Global Mining Review, 3.7 Summary of Royalty Practices in Selected Latin American Countries 91 Fine/Penalty - Late payment fee. Follow-up drilling is planned to expand the mineralised footprint and increase geological understanding along the current approximately 1 km long gold mineralisation strike. Title payment - Registration fee & Title administration fee. Gold streaming and royalty companies do not own mines, and therefore they do not carry the risk of overhead related to gold mining operations. Depending on the mineral, the royalty rate payable under the Mineral Resources Regulation 2013 is either a percentage of the value of the mineral or a flat rate per tonne.. Trident Royalties Plc, a growth-focused mining royalty and streaming company, has provided a technical update for the Lake Rebecca Gold Royalty (the royalty) over tenement E28/1610 which hosts the entirety of the 1 million oz Lake Rebecca Gold Project, currently owned and operated by Apollo Consolidated in Western Australia. For years Iluka has held a 1.232 per cent royalty over the Pilbara iron ore turf called Mining Area C (MAC), owned by BHP in joint venture with Itochu and Mitsui. Uranium is a small part of this economically, but in energy terms, uranium (4200 PJ in 2015-16) comprises about one-quarter of energy exports. In 2012, the Western Australian State Government announced a Mineral Royalty Rate Analysis (Review) to review the State's mineral royalty system.The Review was conducted jointly by the Departments of State Development and Mines and Petroleum, with the final report released to … London-headquartered Anglo Pacific Group is a royalty and streaming company that has 15 royalty and streaming-related assets across five continents. Strong gold drill intercepts have been returned in expected positions whilst additional intercepts have extended the mineral resource block model in places. Mining, energy to create over 24,000 jobs by 2026: AMMA (0) December 17, 2020 The Australian resources and energy sector will need 24,400-plus new … Resources and Energy Sector COVID-19 update: NSW border restrictions 31 Dec 2020 New South Wales border restrictions, Risk mitigation template, Cross-border travel form. The bulk of Western Australian ore went to China, which imported 82 percent of the 2018–19 production, followed by Japan with 7.9 percent. Project highlights are summarised below. Pilbara Minerals has finalised its acquisition of the Altura lithium project. “These tax and royalty payments again demonstrate how the minerals sector had underpinned Australia’s prosperity for decades.” Iron ore helped last year’s record tax/royalty take The growth in taxes and royalties paid by miners has been generally strong over 11 financial years, reflecting the explosion of mine development and expansion kick-started by the commodity super-cycle. The company made a decision to sell royalties from its Mt Marion and Buldania operations in Western Australia in December 2018 following a successful raising of $23.4 million for working capital related to the purchase of contractor Australian Contract Mining … This article looks at mining investment, the legal system applicable to mining, various mining laws, mineral ownership in, different types of mining tenements available, rights of miners to access land against landowners' rights, imposition of royalties and other taxes by the various levels of government, and rules and restrictions concerning foreign investment in Australia. Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment. The tax, levied on 30% of the "super profits" from the mining of iron ore and coal in Australia, was introduced on 1 July 2012. Image: Mining royalties bring a solid income to some Aboriginal communities and in other cases end in waste and lost opportunities. Article by Josh Zimmerman courtesy of the West Australian WA is on track to bank nearly $1.5 billion more in iron ore royalties than the McGowan Government predicted just weeks ago – a windfall that would nearly double the State’s forecast surplus to an incredible $3.7 billion. Newcrest Mining has commenced early works at the Havieron gold-copper joint venture (JV) project in Western Australia. Gold mining news. This content is available to members only. Online system for Western Australian mineral and petroleum exploration datasets including … royalties - payments are made EFT! Tax ( RSPT ) technology and equipment from Altura Mining for $ million... Suggests near surface vertically orientated gold mineralisation strike and gas royalties the approximately! Editorial Assistant global Mining Review, Thursday, 14 January 2021 ) the approximately... 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