Miners Delivered 23% Of WA's Revenues

The Western Australian resources sector has contributed more than A$7.23-billion in royalties and grants, contributing to the state government declaring an operating surplus of A$553-million for 2018/19.

Western Australian Treasurer Ben Wyatt has predicted an operating surplus of A$1.5-billion for 2019/20, and over A$2-billion to 2022/23.

The Chamber of Minerals and Energy of Western Australia (CME) on Thursday pointed out that the revenue stream from the resources sector was the third-largest contributor to the state economy, behind taxation and commonwealth grants.

CME CEO Paul Everingham said Western Australia’s resources sector would account for 23% of state revenue in 2019/20, with a sharp rise in iron-ore prices significantly contributing to government efforts to reduce debt.