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New Regulation Charges Royalty to Western Australia Rare Earth Producers
Feb. 29, 2012 02:15PM PST
Rare Earth InvestingBloomberg reported that Western Australian rare earth producers will have to pay a 2.5% royalty on production.
Bloomberg reported that Western Australian rare earth producers will have to pay a 2.5% royalty on production.
As quoted in the market news:
Lynas Corp., which produces rare earths from its Mount Weld mine in the state, may be liable for about A$17 million ($18 million) a year in royalty payments as a result of the regulation.