Rio claims a $27b boost to WA
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.