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Western Australia on verge of new mining boom

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A team of experts from The Chamber of Minerals and Energy of Western Australia are predicting a major new boom for the region’s mining industry with thousands of jobs created and new projects commissioned over the next year.
The mining industry is expected to inject $5.9 billion into the WA economy in 2018-19.
(Image via Rio Tinto).

According to the 2018-19 State Budget, Western Australia’s LNG, iron ore, gold and lithium industries are, and will continue to be, the main drivers of growth in the State’s economy. The State’s economy is factored to grow by 3.25 per cent during 2018-19, largely fuelled by exports of these key economies.

Commenting on these developments, Chief Executive of The Chamber of Minerals and Energy, Nicole Roocke, said:

“With increases across most commodities, royalties from the resources sector are forecast to inject $5.9 billion into the WA economy in 2018-19, significantly boosting the Government’s efforts to reduce State debt, which is projected to reach $36 billion.”

“WA’s LNG exports are projected to increase by around 70 per cent in the three years until 2019-20 to almost 50 million tonnes accounting for around 10-15 per cent of expected global production.”

“Lithium is also shaping up to be an emerging area of strong growth and expected to contribute a growing share of mineral production and exports in the next four years.”
The Chamber predicts that the boom could create as many as 20,000 jobs during the next financial year.
(Image via Rio Tinto).

New projects, new jobs

Aside from the significant contribution this mining boom will make to the State’s coffers, it will also be good news for the region’s mining workers. The Chamber predicts that as many as 20,000 local jobs could be created during the next financial year as multiple new projects come online.

For example, FMG is investing over $1 billion in its new Eliwana mine and rail project. Meanwhile, BHP is close to confirming its $3 billion South Flank project and Rio Tinto is about to make a decision on its $2.2 billion Koodaideri development that could create over 1,600 construction jobs.

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Hi. I wery wont work in there.
Marif Salimov, 07 June 2018
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Western Australia on verge of new mining boom - Time to read 2 min
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