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Parliamentary Questions


Question Without Notice No. 1146 asked in the Legislative Council on 16 October 2019 by Hon Peter Collier

Parliament: 40 Session: 1

MINERAL RESOURCES LTD — KOOLYANOBBING DEPOSIT — IRON ORE ROYALTY

1146. Hon PETER COLLIER to the minister representing the Treasurer:

I refer to page 247 of the 2018–19 Annual Report on State Finances.

(1) What is the amount of royalty payments made by Mineral Resources Ltd for iron ore from the Koolyanobbing deposit that it acquired from Cleveland–Cliffs Resources?

(2) What is the iron ore royalty rebate paid to date by the state government to Mineral Resources for iron ore from the Koolyanobbing deposit that it acquired from Cleveland–Cliffs Resources?

Hon STEPHEN DAWSON replied:

I thank the honourable member for some notice of the question.

(1)–(2) Page 236 of the 2019–20 budget paper No 2 provides figures on the Koolyanobbing mine financial assistance program. Under the program, royalty payments are fully rebated. The figure of $17.008 million for 2018–19 consisted of a royalty rebate payment of $12.008 million to Mineral Resources and a royalty rebate payment of $5 million to Cleveland–Cliffs. Updated figures will be published in the 2020–21 budget.