Just read:
https://hotcopper.com.au/resources/...ing-fees-to-repair-budget.82797/#.WbHXDsig8aY
Quote from it:
"The royalty hike to 3.75 percent from 2.5 percent per ounce of gold is expected to raise an additional A$392 million ($313 million) over four years and is aimed at helping to repair the state's finances following the mining boom collapse of a half-decade ago, according to Western Australia Premier Mark McGowan".
So they plan to repair the states finance from Companies which collapsed 5 years ago ?
Seriously ?
CMM - My forecast, page-14
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