Rio claims a $27b boost to WA

Pilbara News - - News - Stu­art McKin­non

Rio Tinto says an in­de­pen­dent anal­y­sis has shown its WA op­er­a­tions gen­er­ated $27.3 bil­lion for the State’s econ­omy last year.

The ACIL Allen Con­sult­ing re­port showed the fig­ure rep­re­sented about 12 per cent of the State’s gross do­mes­tic prod­uct.

Na­tion­ally the min­ing gi­ant added $42.7 bil­lion to Aus­tralia’s GDP, more than the value of Tas­ma­nia’s en­tire econ­omy.

The re­port found Rio em­ployed more than 13,000 peo­ple in WA di­rectly and cre­ated more than 47,400 full­time jobs across the State.

It found the com­pany had paid $1.7 bil­lion di­rectly to its em­ploy­ees in WA and in­creased the real in­comes of peo­ple liv­ing in the State by $4.6 bil­lion.

The An­glo-Aus­tralian miner spent $6.8 bil­lion on goods and ser­vices from more than 2500 sup­pli­ers across WA.

Rio Tinto Aus­tralia man­ag­ing di­rec­tor Joanne Far­rell said the eco­nomic ben­e­fits had been gen­er­ated while the com­pany also de­liv­ered sig­nif­i­cant value for its share­hold­ers.

“With our in­vest­ments this year in iron ore in West­ern Aus­tralia we look for­ward to con­tin­u­ing to make a pos­i­tive con­tri­bu­tion for decades to come,” she said.

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