Mineral Resources says it's secured approval for a new 500-700 person camp in Port Hedland to house workers for its expanding Pilbara operations.
According to WA Business News the council has set the base rental rate at $15 a square metre, which will earn the town $750,000 in the first year.
The iron ore miner said it would also contribute $911,460 to the community each year, which will be spent developing local services and facilities.
WA Business News reports the town said the camp was likely to earn it $17.7 million over its ten year life.
Earlier this year Port Hedland also approved a much larger 4,000 room camp by BHP Billiton.
The camp was approved after changes to an earlier plan that was initially rejected.
Image: Troy Rodgers, Townsville Bulletin