I think Australia benefits from royalties AND taxes. The best way is taxes and a tough audit. In addition, the wages paid to the employees are also taxed, so ad

I think Australia benefits from royalties AND taxes. The best way is taxes and a tough audit. In addition, the wages paid to the employees are also taxed, so add it all up and Australians do very well on their minerals. Royalties are bad because they flow constantly and when prices fall and the mine makes zero taxable profits, they then close the mine until the price goes up. With non royalty, just the taxes, production can carry on and wages get paid. Wages BTW, are far more than any royalty or taxes.