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Government eases Cliffs pain with royalty relief

WESTERN Australia’s Government has admitted it gave US miner Cleveland Cliffs a $5 million royalty rebate payment and a free pass on $123.75 million in royalty revenues from the Koolyanobbing mine, as well as $113.1 million to the Southern Ports Association, in the wash-up of the sale of the Koolyanobbing mine.

Karma Barndon
The deal has kept Koolyanobbing ore coming to Esperance.

The deal has kept Koolyanobbing ore coming to Esperance.

Cleveland Cliffs announced earlier in the year it was wrapping things up at Koolyanobbing, in the state's southeast, which put more than 500 jobs at risk, both at the mine and at the port of  Esperance...

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