From a speech yesterday by Resources Minister Josh Frydencoal:
In the years ahead to 2040, the LNG projects in Western Australia alone – Wheatstone, Pluto, Gorgon and North West Shelf – are expected to contribute a further $160 billion in taxes and royalties. This revenue flow is just part of the economic dividend that comes from being the number one exporter of iron ore in the world, the number one exporter of coal in the world, the number one exporter by 2020 of LNG in the world, having the largest known reserves of uranium in the world and being in the world’s top five for deposits of copper, gold, bauxite, lead, zinc, nickel and lithium.
We are truly a global powerhouse when it comes to the resources sector.
