MINERAL RESOURCES LTD —
HELENA AND AURORA RANGES — KOOLYANOBBING
739. Hon ROBIN SCOTT to the Leader of the House representing
(1) Will the
minister confirm that the McGowan government will waive royalty payments and
issue discounted port charges for the Koolyanobbing iron ore mine's new
owner, Mineral Resources Ltd?
(2) Is the Kalgoorlie
Miner article ''State aids port ore export'', which appeared
online on Sunday, 26 August 2018 at 11.39 am, correct in describing this
decision as ''an unprecedented attempt to safeguard jobs at the
(3) Will the
minister explain the astonishing contradiction between the policy of
subsidising the Koolyanobbing project of Mineral Resources and the policy of
banning the two Yilgarn iron ore mines planned by Mineral Resources for the
Helena and Aurora Ranges, which would have generated $1 billion in life-of-mine
royalties and port charges?
(1) The government
has agreed to provide Mineral Resources Ltd with a full royalty rebate for the
balance of iron ore produced from the Cliffs tenements, up to a maximum of 30
million tonnes over five years, and discounted port charges, excluding GST, at
the Esperance port of $3.05 a tonne up to 10 million tonnes; $3.50 a tonne for
the next 15 million tonnes; and $4.40 a tonne for the remaining five million
tonnes, up to a total of 30 million tonnes over five years.
government has agreed to provide the financial assistance package to secure
jobs in the Yilgarn and Esperance regions, including jobs for mine, rail and
government did not approve Mineral Resources Ltd's proposal to mine
deposits in the Helena and Aurora Ranges, taking into account the pre-eminent
environmental values of the range. It was considered that the economic and
social benefits did not outweigh the environmental impacts.