Iron ore price plummet sparks revenue fears for WA

By Stephanie Dalzell

In June, the price of iron ore dropped to US$89 a tonne and despite a slight recovery, Dr Nahan said the period of low prices was posing a threat to state revenue.

West Australian Treasurer Mike Nahan has refused to rule out tougher budget measures as the Government deals with a period of low iron ore prices.

Photo: Iron ore prices have plummeted in recent months, sparking concerns about the WA‘s state revenue forecasts.

Read more here: ABC

    

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>