A zinc miner has failed in trying to reduce its government royalty payments by claiming $29 million in expenses – including for boat management fees despite those services not having commenced.
The rejection was handed down in Queensland’s Supreme Court on Thursday in a case pitting the Commissioner of State Revenue against Century Mining, a subsidiary now of Johannesburg Stock Exchange-listed Sibanye-Stillwater.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
