Asset Report
Mount McClure (Closed) gold mine
Report summary
Western Australia introduced a royalty on gold production of 1.25% from July 1998. The royalty increased to 2.5% in July 2000 at gold prices above A$450/oz; remaining at 1.25% if the price was below A$450/oz. In the accompanying analysis Wood Mackenzie has assumed an effective royalty rate of 1.875% for calendar 2000, and 2.5% for 2001 onwards. In April 2000 Normandy acquired Great Central Mines Limited for US$21M.
Table of contents
- Mining
- Process
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