Mining & Resources
WA Mining Industry accomplished $246 billion in sales and creating 117,970 full time equivalent jobs!
May 3, 2023
The Western Australian resources industry has achieved $246 billion in sales for 2022, a record for the state. On top of the billions recorded, the state delivered 117,970 full-time equivalent jobs in the mining industry, more jobs in the sector than ever for WA. The Western Australian Government said these records set underline its role as the driving force behind the national economy. 2022’s resources sales increased by $15 billion in comparison to 2021’s resources sales and WA’s exploration industry continued to grow in 2022 with a record-breaking expenditure of $2.54 billion. Sales of key minerals were high, with …
BHP opens iron ore mine of the future
October 7, 2021
BHP has officially opened it’s $4.6 billion South Flank iron ore mine in the central Pilbara. It will be one of the largest operating iron ore hubs in the world expected to produce 145 million tonnes of iron ore each year, created over 9,000 jobs during construction and expected to provide more than 600 operational roles through it’s life. The Investment driven project is to support WA jobs and businesses whilst boost the economy. As a technically advanced high-quality iron ore mine, its operations integrate the latest advances in autonomous-ready fleets, digital connectivity and modular design. The ore from South …
Iron Ore price surge drives warning over labour shortage
May 18, 2021
Industry and analysts have warned Western Australia could face a shortage of skilled workers to keep up with demand in the mining sector as the price of iron ore soars to eye-watering highs. Iron ore prices have increased to a record high of $US215 per tonne on Monday and reached around $US240 a tonne, which is more than WA Treasury’s mid-year revised 2020-21 iron ore price assumption of $US104. Daniel Hynes of ANZ stated that Chinese infrastructure projects were increasing the demand for iron ore which is mainly imported from Australia. Hynes expects the increase in demand for the commodity …
WA surplus pumped up by iron ore
February 9, 2021
Booming iron ore prices driven by Chinese demand will swell Western Australia’s budget coffers by $2.3 billion over the next four years, pointing to a likely federal government windfall that would speed up budget repair and drive down record debt faster than anticipated. Figures released by WA’s Department of Treasury on Monday show popular state Premier Mark McGowan will head to the polls on March 13 with a budget surplus of $3.1 billion this year, nearly $1 billion more than a forecast made in December. It leaves Mr McGowan as one of few cashed-up leaders on the planet. The windfall …
MACA emerges as potential buyer for Downer business
December 8, 2020
MACA has expressed it’s interest in buying Downer EDI’s Western mining services division. The company has reported that discussions with Downer are ongoing and that it would only make a binding offer if it aligned with the company strategy and delivered value for shareholders. This is in line with the statements the company has made at its annual general meeting where it stated that the company will continue to explore and pursue growth opportunities that will deliver value to shareholders on an ongoing basis. Perenti Global was also in line of the potential buyers for Downer’s open cut mining business …
