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Photo: Rio Tinto iron ore mine in the de Pilbara www.miningmagazine.com/ These comments were made from the beginning of the boom, when the price of iron ore was comfortably above $120 per tonne and large producers were actually making obscene profits. At the time, it made sense to introduce a super income tax, and in fact, the Greens were very supportive of this policy because it could be implemented effectively and safely at the federal level. To turn around now, when the price has fallen to a third of these historically high prices, and to suggest that we should introduce similar legislation is to mock the intelligence of Western Australians. He also served as a minister when Cabinet reviewed the State Agreements Act Repeal Bill in 2013 to repeal and amend various iron ore treaty laws. This repeal law, which removed the Koolyanobbing and Cockatoo Island iron ore mines from the SA and put them back under normal leases, made it clear that this would result in the same 25-cent-per-tonne lease agreement contained in the BHP and Rios SAs. This point would have been raised unreservedly and, as a minister, Mr Grylls would have been present in this discussion. This is not only an extremely hypocritical attitude on the part of the National Party, but it also shows that Mr Grylls is well aware that his policy is a total farce. As a result of Regulation 28A, we should note that this 25 cents therefore applies to all iron ore miners who are not covered by the State Agreements Acts (Atlas Iron; British Columbia Iron; CITIC Pacific Sino Fer; cliffs; molymetals; Mount Gibson; pluto; Polans; and Top Iron). Applying such a discriminatory increase to only two iron ore producers is very dangerous ground, as all iron ore producers are in the same boat, including Fortescue Metals Group and Roy Hill. In addition, SAs are a legal contract and can only be changed through negotiations between the two parties.
It was therefore impossible for the State to take unilateral measures in the manner proposed; these ASAs expressly exclude fluctuations in royalties or lease prices as a condition of approval. (b) Bills to ratify the following even-date agreements, namely: — Brendon Grylls is a political actor, and as the coalition seems weaker by the day, he needs another “big idea” to distinguish his party from the ruined liberal national government. But his return to the top was so full of hypocrisy and misinformation that hell is struggling to deliver anything after the election. In recent weeks, since his new announcement to increase revenues, it has become very clear that Brendon Grylls has no idea how to implement this policy. Let`s break it down. The rents of 25 cents per tonne, although exceeded, are not simply lower tax measures included in the laws on state agreements (SA) with the two main producers, they exist in the mining regulation (28A. Additional rent for mining leases to produce iron ore) introduced in 1996 for each iron ore producer, setting out Mr. Grylls` first claim, that it applies only to the “big two”. In addition to this rent, there is already a license rate of 7.5% paid by all iron ore miners, which is almost $4 per ton at the current price. There are currently 66 state agreements, of which at least 18 (originally 22) deal directly with the iron ore industry. Brendon Grylls seems to forget that in his previous life as Minister of Regional Development from September 2008 to December 2013, he personally chaired four of these SACs. (iii) an agreement between the State and BHP Minerals Pty.
Ltd., CI Minerals Australia Pty. Ltd. and Mitsui Iron Ore Corporation Pty. Ltd. to amend the Iron Ore Agreement (Marillana Creek); (a) The State and the joint venturers (as a result of certain assignments) are now the parties to the agreement approved by the Iron Ore Agreement (Goldsworthy-Nimingarra) Act 1972, the agreement of which, as amended, is hereinafter referred to as the “Main Agreement”. When the Honourable Crawford Nalder founded the first iron ore SA with Conzinc Riotinto, he did so according to a set of principles. The Iron Ore (HamersleyRange) Agreement Act of 1963 was the first of a long series to come, but provided that companies would build cities, not be subject to local government tariffs and many other state laws. This was the first agreement for the additional rent related to the mining lease of 25 cents per tonne on all iron ore and a royalty of 7.5% of the price of freight on board.
Iron Ore (Goldsworthy-Nimingarra) Agreement Act 1972 (i) an agreement between the State and BHP Direct Reduced Iron Pty. Ltd. amend the Iron Ore Processing Agreement (HPL); Iron Ore (McCamey`s Monster) Agreement Authorization Act 1972 Regulation 28A was incorporated into mining regulations by the Department of Minerals and Energy, which had been seeking for many years to introduce consistent royalty treatment between SAs and the producers of the Mining Act. There was no provision in the Mining Act that provided that these additional iron ore leases were due, and it was therefore necessary to amend the Mining Act Ordinance to include these rents, which are payable after 15 years of production. Versions of this Act (including consolidations, reprints and “as adopted”) Iron Ore (FMG Chichester Pty Ltd) Agreement Act 2006. . LTD. ACN 008 694 782, a company incorporated in the State of Western Australia whose registered office is at level 18, 200 St George`s Terrace, Perth, CI MINERALS AUSTRALIA PTY.
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