Gold chiefs warn of WA disaster

THE future of Telfer and other marginal Western Australian gold mines is under serious threat from the proposed 50% royalty increase, the CEOs of four out of five of the state’s largest producers have warned.

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Speaking at a Chamber of Minerals and Energy of Western Australia event yesterday, Newcrest Mining CEO Sandeep Biswas said Telfer, in the state's north, was the company's lowest-margin mine and lost