Port Hedland in WA has contributed $64.1 billion to the Australian economy in 2018-2019, this contribution is foreseen to increase over the next decade.

Based on reports supported by figures from BHP, Fortescue Metals Group, Roy Hill, Rio Tinto, Sandfire Resources, Pilbara Minerals and Mineral resources, the port’s activities are estimated to add around $26.2 billion to the economy by 2028-2029.

The increase production could also deliver $21 billion in taxes and royalties and create more than 5300 additional full-time jobs over the next 10 years.

Port Hedland is the largest global shipping hub for iron ore, with the steel-making commodity making up 99.1 per cent of the port’s exports in 2018-19. Iron ore production is expected to increase from 525 million tonnes in 2019–2020 to its peak at 547.5 million tonnes in 2022–2023.

The port supply chain which is responsible for one in every 12 jobs in WA, is considered a very big contributor to the economic future of the town, the state and the nation.

Source: Australian Mining