Why it matters: The WA government could sell The Perth Mint.
Northern Star’s gold goes to the mint. It opposes a sale.
Perth Mint promised to improve standards after a series of scandals.
Kalgoorlie | Northern Star Resources has lambasted moves to privatise The Perth Mint as the West Australian entity is hobbled by a series of scandals and poor financial returns.
The WA government has floated the idea of selling the taxpayer-owned mint, which has been losing gold refining customers to Sydney-based ABC Refinery. Northern Star boss Stuart Tonkin said The Perth Mint should remain in government hands where it had supported growth and promotion of the WA gold industry for the past 125 years.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
