The State Government’s decision to help junior miners deal with the iron ore price crunch cost the Pilbara Ports Authority about $50 million in lost revenue last financial year — but WA Treasury still made $100 million.
Underground mining contractor Barminco has reported a 30 per cent increase in annual earnings to $57 million.
ANALYSIS: This year’s annual financial statement from the Pilbara Ports Authority is unlikely to do much to calm tensions over the mooted sale of Port Hedland’s Utah Point terminal when the matter returns for debate in the Legislative Council next month.
Breaker Resources has taken advantage of its recent share price run to raise an extra $10 million.
Vimy Resources has received special permission to begin preliminary work on its Mulga Rock uranium project in the Goldfields, despite Environment Minister Albert Jacob not yet giving final approval for the project.