McGowan eyes Texas in bid to diversify WA away from iron ore

As rivers of iron ore royalties continue to flow into Western Australian coffers, Premier Mark McGowan is keen to diversify the state’s economy away from its heavy reliance on the key resource.

More than $460 million was allocated to economic diversification and infrastructure measures in Thursday’s state budget, including investments in a future trade hub in Texas and a new sustainable geoscience program aimed at accelerating critical mineral discovery.