News

WINDFALL FROM BOOM IS A BUDGET GODSEND
IRON ORE PASSES RECORD $200/T Article by Sean Smith courtesy of The West Australian. Iron ore and copper have burst into uncharted territory amid a commodities boom that has fuelled expectations of

Iron ore export boom boosts fiscal bottom line by $30bn
Article by Patrick Commins & Geoff Chambers courtesy of the Australian. Booming iron ore exports triggered a windfall corporate tax take over the March quarter, pushing commonwealth revenues higher than a

Iron ore boom to bolster Frydenberg’s war chest by $36b
Article by Ronald Mizen and Peter Ker courtesy of the Australian Financial Review An extra $36 billion will flow to federal coffers if record iron ore prices persist until Brazilian supply resumes

Budget driven by WA
Editorial courtesy of the Sunday Times, Perth WHEN Federal Treasurer Josh Frydenberg gets to his feet in Parliament to deliver his Budget speech in just over a week, much of what he

Iron ore gives Budget boost
Article courtesy of The West Australian Australia’s Budget bottom line is recovering faster than expected, driven largely by the strength of WA’s iron ore sector, with analysts now suggesting it could be


Iron ore price boom expected to send more royalties into WA’s coffers as year end approaches
Article by Sean Smith courtesy of The West Australian WA’s budget surplus is climbing towards $4 billion as iron ore stretches its unexpectedly

S&P Global lifts forecast for iron ore price to ride higher for longer
Article by Daniel Newell courtesy of the West Australian State Government coffers are set to reap further benefits of elevated iron ore prices for longer, according to global ratings agency S&P, which

RESOURCES SECTOR CONTINUES TO LEAD
Article by Stuart McKinnon courtesy of Kalgoorlie Miner WA’s booming resources sector reported record sales of $174 billion in 2020, underpinned by a $116b contribution from the State’s thriving iron ore industry

What pandemic? Iron-clad WA resources sector ‘supercharged’ by COVID
Article by Hamish Hastie courtesy of the Age Western Australia’s mining industry was staring down the barrel of what it thought could be annihilation in March last year. But fast forward 12

Iron ore boom, strong labour market ease budget woes
Article by David Rogers courtesy of the Australian Australia is set to reap a budget windfall from booming iron ore prices and a stronger than expected economy and labour market, with a

Mine export surge holds up economy
Article by Angela Macdonald-Smith and John Kehoe, courtesy of the Australian Financial Review A record $296 billion in forecast resources and energy exports this year is turbocharging Australia’s economic rebound from the