Posts Tagged ‘royalties’

Mining royalties pathetic

Written By: - Date published: 10:52 pm, June 29th, 2010 - 33 comments

Our mineral wealth is a one-off endowment that belongs to all of us. If we let someone dig it up, it’s gone forever. We shouldn’t let our most precious environments be mined and when we do allow mining we need to get the most for it. It’s not good enough that the mining industry gets away with paying just $70 million in royalties for digging up $6 billion of minerals.