| Western Australia will plough some of its unprecedented mining wealth into a future fund it says will be worth at least $4.7 billion within 20 years and will preserve the benefits of the resources boom for future generations.
In the first move by a state government to establish a wealth fund, West Australian Treasurer Christian Porter said he would use $1.1bn of the government's rapidly growing mining royalties as seed capital for the fund, which would be quarantined until 2032...............................................Full Article: Source
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