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Wyatt confident of gold royalty hike win

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November 14, 2017

West Australian Treasurer Ben Wyatt says an amended gold royalty may appease the industry.

West Australian Treasurer Ben Wyatt says he is "quietly optimistic" of being able to convince the gold industry to back his revived royalty hike.

Last month, the opposition and crossbenchers in the upper house blocked the Labor government's plan to lift gold royalty rates from 2.5 to 3.75 per cent to shave $392 million off net debt over four years.

Mr Wyatt revealed last week he was speaking to the industry about adjusting the plan to make it work without significantly affecting marginal mines after an expensive ad campaign was launched against the initial idea.

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