Zinc miner’s $30m deductions claim sinks in royalties stoush

Liam WalshReporter

Jul 4, 2024 – 4.51pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

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.

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.