sec.27Particular minerals processed in Queensland

sec.27 Particular minerals processed in Queensland

This section applies to royalty payable for a relevant mineral sold, disposed of or used if— the mineral is processed in the State; and after the mineral is processed, it has a metal content of— for cobalt—at least 50%; or for copper, iron ore, lead, tantalum and zinc—at least 95%; or for manganese—at least 75%; or for molybdenum—at least 56%; or for nickel—at least 70%; or for tungsten (WO 3 )—at least 89%. For subsection (1) , a mineral is processed if it is changed to another substance by a process, including, for example, leaching, refining, smelting and solvent extraction electro winning (SX–EW). The royalty payable for the relevant mineral is reduced by— for cobalt, copper, iron ore, molybdenum, nickel and tungsten—20%; or for lead—25%; or for manganese, tantalum and zinc—35%. In this section— relevant mineral means any of the following— cobalt; copper; iron ore; lead; manganese; molybdenum; nickel; tantalum; tungsten; zinc. (sec.27-ssec.1) This section applies to royalty payable for a relevant mineral sold, disposed of or used if— the mineral is processed in the State; and after the mineral is processed, it has a metal content of— for cobalt—at least 50%; or for copper, iron ore, lead, tantalum and zinc—at least 95%; or for manganese—at least 75%; or for molybdenum—at least 56%; or for nickel—at least 70%; or for tungsten (WO 3 )—at least 89%. (sec.27-ssec.2) For subsection (1) , a mineral is processed if it is changed to another substance by a process, including, for example, leaching, refining, smelting and solvent extraction electro winning (SX–EW). (sec.27-ssec.3) The royalty payable for the relevant mineral is reduced by— for cobalt, copper, iron ore, molybdenum, nickel and tungsten—20%; or for lead—25%; or for manganese, tantalum and zinc—35%. (sec.27-ssec.4) In this section— relevant mineral means any of the following— cobalt; copper; iron ore; lead; manganese; molybdenum; nickel; tantalum; tungsten; zinc.

• (a) the mineral is processed in the State; and
• (b) after the mineral is processed, it has a metal content of— (i) for cobalt—at least 50%; or (ii) for copper, iron ore, lead, tantalum and zinc—at least 95%; or (iii) for manganese—at least 75%; or (iv) for molybdenum—at least 56%; or (v) for nickel—at least 70%; or (vi) for tungsten (WO 3 )—at least 89%.
• (i) for cobalt—at least 50%; or
• (ii) for copper, iron ore, lead, tantalum and zinc—at least 95%; or
• (iii) for manganese—at least 75%; or
• (iv) for molybdenum—at least 56%; or
• (v) for nickel—at least 70%; or
• (vi) for tungsten (WO 3 )—at least 89%.
• (i) for cobalt—at least 50%; or
• (ii) for copper, iron ore, lead, tantalum and zinc—at least 95%; or