Latest News
Catch up on the latest news and insights from Atlas.
WA’s iron clad help for NSW
Leading economists believe that without WA’s record iron ore trade the Federal Government would not have had the financial flexibility to support NSW to the tune of $500 million a week during its COVID-19 lockdown. AMP chief economist Shane Oliver said without high iron ore prices the Government would not ...
Read moreWA mining ensures Australians have Medicare
Over the past financial year, WA mining and oil and gas companies contributed $83 billion directly to Australia's economy, roughly one sixth of the entire federal government's revenue over the period. This is more than the federal government's budget for Medicare ($29.7 billion) and defence ($44.6 billion) combined. There are more than $140 billion ...
Read moreWA resources sector injects $122 billion into economy in 2019-20, CME survey shows
WA mining and resources companies injected almost $122 billion into Australia’s economy in the 2019-20 financial year through direct and flow-on spending, helping create 309,000 full-time jobs during COVID-19. The figures, from WA’s peak resources industry body, revealed the extent to which the local sector powered economies and communities around ...
Read moreMiralga Creek Project Receives all Statutory Approvals
Atlas Iron is pleased to announce that Miralga Creek has recently passed some significant project milestones. Miralga Creek is an extension of the completed Abydos Mine, and as of end of May 2021, the project received all statutory approvals. This included the DMIRS approval of the Mining Proposal; and the EPA, ...
Read moreIron-ore drives Aus exports to record highs
“These incredible results underline the importance of Australia’s resources sector to the national economy and international markets throughout the Covid-19 downturn. “Australia’s energy and resources sector has remained safe and reliable suppliers to domestic and global markets throughout the pandemic, helping to underpin economic growth and overcome the ...
Read moreWA Perth Royal Show Dairy Awards, Bannister Downs recognised once again!
Competing in the 2021 Perth Royal Food Awards for the 15th consecutive year, Bannister Dairy produce, renowned for its quality and great flavour, awarded these champion titles, a true reflection of the effort and care that is made daily, with a complete focus on quality.
Read moreWA premier Mark McGowan hikes port fees on iron ore miners BHP, Fortescue, Roy Hill
Mr McGowan on Monday announced that WA had delivered a $2.36 billion operating surplus for the first nine months of the current financial year, due primarily to the surge in iron ore prices. WA is the only jurisdiction in Australia running an operating surplus.
Read moreOre tax props up a nation
WA’s booming iron ore industry contributed nearly one-fifth of total company tax paid across the whole of Australia last year — about $15 billion — keeping the nation on its feet in the face of a devastating pandemic.
Read morePilbara iron ore powering Australia’s economy
“I congratulate our iron ore sector for its strength, reliability and resilience during the COVID-19 pandemic, and for its continued support of Australia’s economy,” Minister Pitt said.
Read moreNew figures show mining sector powering the economy
“These changes will transform the NAIF to make it a more proactive investor in projects that will generate economic activity and job creation,”
Read moreMiners deliver record $39bn windfall to boost government bottom lines
“Australia’s minerals industry paid record taxes and royalties to federal, state and territory governments in 2019-20 even as the COVID-19 pandemic started to push the economy into recession,”
Read moreResources sector boosts federal budget spending spree
The mining industry exceeded government expectations in its tax receipts, accounting for 30 per cent of company tax collections, which is forecast to reach $100.5 billion by 2024-25.
Read moreWhen Mining does well, Australia does well.
Hancock Prospecting Group companies, Roy Hill and Atlas Iron, joined together to promote all that our industry does for our country. Please see latest advert.
Read moreSurging iron ore prices a ‘get out of jail free card’ for Morrison and Frydenberg
Accenture Managing Director Andrew Charlton says a recent surge in iron ore prices is a “get out of jail free card” for Scott Morrison and Josh Frydenberg
Read moreTHE IRON GIANT
Booming iron ore exports are supercharging Australia’s pandemic recovery, helping to deliver the Federal Government a company tax windfall this year that’s almost $9 billion higher than forecast.
Read moreNews Australia’s iron ore boom: Investors profit as global economy recovers
It is one of the most isolated major cities on earth, boasts some of the world’s finest beaches and is mercifully Covid-19 free. But Perth – which straddles the banks of the Swan River on the shores of the Indian Ocean – has another key attraction. The sun-drenched city is the ...
Read moreIron ore is saving Australia’s trade with China. How long can it last?
Now, one commodity is almost single-handedly keeping the trade relationship afloat: iron ore.
Read moreIRON ORE GIVES BUDGET BOOST
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 back in surplus within four years.
Read moreIron ore export boom boosts fiscal bottom line by $30bn
“Almost half of this increase came from stronger company tax revenue, reflecting higher iron ore prices,” the Parliamentary Budget Office said.
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