More than one in 11 workers are employed by the mining industry in Western Australia, the latest statistics have revealed.
The WA Department of Mines, Industry Regulation and Safety’s latest data shows during 2018-19 the average number of individuals employed in the resources sector rose 10.7 per cent to 124,010 compared to the previous period.
Record high employment
The department praised the result as a new record high level of employment in the mining industry and represents 8.9 per cent of the Golden State’s entire workforce.
“These record figures across the mining sector reflect the strength of the State Government’s commitment to supporting industry investment in WA and creating jobs,” State Mines and Petroleum Minister Bill Johnston said in a public statement.
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$108B in upcoming projects
The department confirmed as of September 2019 there was an estimated $108 billion of upcoming resources projects in WA alone.
The news comes off the back of the average gold price rising to A$1958 in June, representing the first time it had ever broken through the A$1900 mark.
Bumper commodity sales
WA’s mineral and petroleum industries reported $145 billion in sales, representing a 20.7 per cent increase compared to the previous year. The department explained this was fuelled by a recovery in iron ore prices and increasing liquefied natural gas (LNG) volumes.
Total alumina and bauxite sales soared to a record $8.3 billion following continued increases in bauxite exports while LNG sales jumped more than 50 per cent to reach almost $29 billion.
Almost $17 billion was invested in WA’s mining industry, representing about 51 per cent of national expenditure according to the Australian Bureau of Statistics.