Treasurer Ben Wyatt says keeping WA mines open was WA’s ‘golden decision’ amid soaring iron ore price

Allowing WA’s resources sector to continue operating throughout the pandemic has proved a “golden decision” that has added billions of dollars to the national balance sheet and averted complete economic catastrophe.

The soaring iron ore price — touching $US108 a tonne yesterday — has fuelled an unexpected royalties and taxes bonanza at a time when practically every other government revenue stream has evaporated.