WA to receive $1.9B in extra iron ore royalties

WESTERN Australia stands to benefit from a $A1.9 billion jump in state royalty earnings over the next three years after premier Colin Barnett introduced parliamentary changes to a number of state agreement acts.

WA to receive $1.9B in extra iron ore royalties WA to receive $1.9B in extra iron ore royalties WA to receive $1.9B in extra iron ore royalties WA to receive $1.9B in extra iron ore royalties WA to receive $1.9B in extra iron ore royalties

It follows successful negotiations with iron ore majors BHP Billiton and Rio Tinto to lift iron ore fines royalties from July 1 next year to 6.5% and to 7.5% some 12 months later.

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