Lots more mines being built, again! I think there 4 or 5 big mines that I have heard about through my channels ... it's almost at the level it was in 2011/12. The miners wouldn't be spending capex on expansion unless there was demand forecast and the operation optimisations of the existing system have been maxed out. This is all Iron Ore based info.
The mining royalties will return and WA will be on track again. Especially when you consider WA is now getting a greater share of GST unless they adjust the rate back down.
You assume that with the significant growth and demand for batteries (globally) that use lithium and other minerals/ chemicals that more miners will start producing and therefore having to pay tax. Hopefully the government doesn't set new tariff rates that stifle this growth.
CCE Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
