A REPORT commissioned by the Geraldton Iron Ore Alliance (GIOA), the coordinating body formed by the seven major iron ore companies operating in the region, paints a picture of population growth, rising prosperity, improved community facilities, and a better future for young people.
GIOA chairman Clive Brown said that if negotiations currently under way were able to reach speedy success, the future for the Mid West was exciting to think about.
Economics Consulting Services (ECS) has drawn together the economic and social impacts of our separate projects into a single overview, Brown said.
“We are looking at billions of dollars of investment over a short period to develop the mines, processing facilities and infrastructure,” he said.
“There will be tens of billions of dollars spent in operating expenditure over at least 25 years, increased population and, above all, opportunities for young people to acquire skills and secure long-term careers.”