QMEB » Western Australia’s resources industry shines in 2017
Exploration Featured Infrastructure & Operations Latest News

Western Australia’s resources industry shines in 2017

An aerial view of stackers load crushed iron ore onto a stockpile at the ore processing facility at Herb Elliott Port in Port Hedland in the Pilbara region, Western Australia, on Wednesday, Aug. 2, 2013. Fortescue Metals Group has achieved first production of its 40 million tonne per annum (mtpa) ore processing facility at its Kings mine at Solomon, the final component of its expansion to distribute 155 mtpa in 2014. Photographer: Sergio Dionisio/Bloomberg

Western Australia’s resources industry reached several milestones in 2017 according to statistics released today by the Department of Mines, Industry Regulation and Safety.

 

Higher iron ore prices, strong growth in LNG volumes and the gold sector’s continued strength contributed to reported sales of $108.8 billion, a 16 per cent increase from 2016.

 

Iron ore sales were up 14 per cent to nearly $63 billion; gold sales exceeded $11 billion for the first time, more than twice what it was 10 years ago; and LNG volumes increased by 38 per cent to a record 32.7 million tonnes.

 

Sales of spodumene, the primary lithium-bearing mineral produced in the State, increased by 166 per cent to reach $780 million in 2017.

 

The average number of people directly employed in WA’s minerals sector also increased by six per cent to more than 111,000.

 

For more information, visit http://www.dmp.wa.gov.au

Add Comment

Click here to post a comment

Gold/Silver Index