Treasurer Ben Wyatt has demanded the Chamber of Minerals and Energy of WA remove a media statement from its website which has been discredited by the Australian Securities Exchange (ASX).
The media statement claimed the ASX had compared Western Australia to Tanzania in the wake of the State Government’s decision to increase the gold royalty rate.
it could force the suspension of most of Australia’s listed gold companies if Labor’s royalty increased is passed
The ASX advised yesterday (September 26) that these claims were incorrect and asked for them to be withdrawn.
The change to the gold royalty rate from 2.5 per cent to 3.75 per cent was announced in the State Budget on September 7 and will take effect from January 1, 2018.