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Barrick Gold has landmark win in $54m dispute

A Supreme Court ruling handed down this week casts doubt on how the state government has calculated stamp duty on mining company takeovers, potentially overcharging miners tens of millions of dollars over more than a decade.

Most notably, it rejected the Commissioner of State Revenue’s long-held view that there is little, if any, goodwill in the value of mining companies.

This week’s ruling related to Barrick Gold’s 2006 takeover of Placer Dome, which at the time was the world’s largest gold deal

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Annual production

4th-AngloGold Ashanti524
5th-Newcrest Mining386
6th-Barrick Gold376
7th-Regis Resources324
8th↑Saracen Mineral Holdings273
36 gold miners ranked by WA annual production to june 30, 2017 ('000 ounces)

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