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Parliamentary Questions

Question Without Notice No. 809 asked in the Legislative Council on 14 October 2021 by Hon Dr Steve Thomas

Parliament: 41 Session: 1

Answered on

IRON ORE ROYALTY REVENUE

809. Hon Dr STEVE THOMAS to the minister representing the Treasurer:

(1) What is the current price of iron ore as measured by Treasury?

(2) What was the average iron ore price for the first quarter of the 2021–22 financial year?

(3) What was the total iron ore royalty income by month for the first quarter of the 2021–22 financial year?

(4) What was the total iron ore royalty revenue to the state in the first nine months of the 2021 calendar year?

Hon SUE ELLERY replied:

I thank the member for some notice of the question.

I provide the answer on behalf of the minister representing the Treasurer.

(1) The current price is $US123.35 per tonne.

(2) The average price was $US163.8 per tonne.

(3)–(4) This information will be available following the release by Treasury of the September Quarterly financial results report, which will be within 60 days of the end of the quarter.