Miners Bring Economic Boom to Western Australia
Western Australian finances have gone from a deficit to an opening surplus of $1.1 billion piggybacking on the higher royalties for iron ore this year. The strong earnings from the mining sector have shown the surplus for the first six months of the 2010-11 financial year.
The jump is considerable when you consider that there was a $259 million deficit in the 2009- 2010 financial year. The revenue in this period went up to $12.3 billion which is higher by $2 billion in the corresponding period in the previous financial year.
The Western Australia Treasurer Christian Porter released figures that showed that the major miners had contributed greatly to the surplus. A one off $350 million payment from BHP Billiton and Rio Tinto also contributed to the state of good finances. This came from the state government’s successful negotiation to remove the royalty concession on iron ore production.
Another contributor was the one off back payment of $55 million from the Robe River Mesa J Mine. This came after the resolution of a long standing issue regarding the applicable royalty rate for the mine between the mine officials and the state government.
The Treasurer added that the retail and property sectors were flat and there were low stamp duty and GST revenues. Net debt also rose to $450 million due to planned investment in major infrastructure.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). Miners Bring Economic Boom to Western Australia. AZoMining. Retrieved on February 14, 2026 from https://www.azomining.com/News.aspx?newsID=3521.
MLA
Scanlon, Joel. "Miners Bring Economic Boom to Western Australia". AZoMining. 14 February 2026. <https://www.azomining.com/News.aspx?newsID=3521>.
Chicago
Scanlon, Joel. "Miners Bring Economic Boom to Western Australia". AZoMining. https://www.azomining.com/News.aspx?newsID=3521. (accessed February 14, 2026).
Harvard
Scanlon, Joel. 2019. Miners Bring Economic Boom to Western Australia. AZoMining, viewed 14 February 2026, https://www.azomining.com/News.aspx?newsID=3521.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.