WA part riding on Rio Tinto's back

GLOBAL mining giant Rio Tinto contributed $27.3 billion to the Gross State Product of Western Australia, which is equivalent to 12%, according to a self-commissioned report.

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Rio Tinto stands tall in WA

The Australian economic contribution report by ACIL Allen Consulting has, for the first time, measured how much Rio actually gives to WA's economy, from its operations in the Pilbara and the east Kimberley.
As well as the $27.3 billion to the state's GSP, Rio Tinto said it added $42.7 billion to the Gross Domestic Product of Australia, which was equal to 2.5% of the nation's GDP.
That GDP contribution outweighs the contribution of Tasmania.
Rio Tinto said it also contributed $4.6 billion to the real incomes of WA residents.
Changes in real income were important, ACIL Allen Consulting principal consultant Antonia Hodby said in the report, because they gave a good snapshot of changes in people's economic welfare by seeing if they could afford to buy goods and servic...