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Hi WW Not sure what you mean - State royalties still go to the States. It's just that the Feds rebate the miners for the cost, so in effect the Feds are paying the State royalties, courtesy of the new RSPT funds gleaned from the miners. So nothing changes for the States, other than a...

Totally agree Sunfish. I had assumed it was a joke but it appears it may not be... This comes from the same school of thought that says manufacturing is somehow "special". Try manufacturing a car without mining iron ore. Mining is a hugely competitive business internationally with...

I agree with TC. One detail I had completely overlooked when this first came out is that all State royalties would be rebated by the Commonwealth, regardless of what they are. So State royalty risk would sit with the Commonwealth rather than the companies, which is a significant advantage...