The Association of Mining and Exploration Companies (Amec) has welcomed a decision by Western Australian Mines Minister Bill Johnston to reduce the Mine Safety Levy by 20%, from July 1.
Johnston said that the reduction would provide relief to mining companies, with the rates reducing from 21c per billable hour to 17c.
Billable hours reflect the number of hours worked at a mine site over the financial year, and is used as the basis for calculating the levy charged to the mining company. The levy funds safety and health regulatory services for Western Australia’s mining industry.
"The reduction in the mine safety levy will help support mining companies during this difficult time,” the Minister said on Thursday.