❓ Mr Marmion asks the Minister for Mines and Petroleum about royalty revenue received from key commodities over the past four quarters and their corresponding budget estimates. The Minister provides the revenue figures but notes budget estimates are annual, not quarterly.
AnsweredQoN 6186Legislative Assembly
QuestionView source ↗
(1) Can the Minister advise what royalty revenue the State has received for the past four quarterly financial periods from the following commodities: (a) Iron Ore; (b) Gold; (c) Alumina; (d) Copper; (e) Nickel; (f) Lithium; and (g) Petroleum? (2) For each of these commodities can the Minister advise what the budget estimates were for the past four quarterly financial periods.?
AnswerView source ↗
Answered
11 August 2020
Responded by
Minister for Mines and Petroleum; Energy; Industrial Relations
Response time
8 days
(1) The June 2019 through March 2020 quarter royalty revenues are as follows:
(a) Iron Ore $7,708.2 million
(b) Gold $341.1 million
(c) Alumina $121.1 million
(d) Copper $66.6 million
(e) Nickel $76.4 million
(f) Lithium $80.3 million
(g) Petroleum $5.0 million (excluding NWS Grant)
(2) As State Budget estimates are prepared for financial years they do not correspond to the period in question (June 2019 through March 2020 quarters).
(a) Iron Ore $7,708.2 million
(b) Gold $341.1 million
(c) Alumina $121.1 million
(d) Copper $66.6 million
(e) Nickel $76.4 million
(f) Lithium $80.3 million
(g) Petroleum $5.0 million (excluding NWS Grant)
(2) As State Budget estimates are prepared for financial years they do not correspond to the period in question (June 2019 through March 2020 quarters).
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