WA gold miners warned of ASX suspension

September 26, 2017

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he Australian Securities Exchange (ASX) has warned that it could temporarily suspend the share trading of Western Australian gold producers if the state government’s plans to increase gold royalties were passed through Parliament.

The Australian on Tuesday reported that the ASX would repeat the steps it took earlier this year when more than a dozen resource company stocks were suspended after the Tanzanian government introduced an overhaul of its royalty and tax regime, allowing the affected miners to update the market on the impact of the royalty changes to their operations.

Category: General