News
MINING GIANTS DIG DEEP FOR WA
Western Australia’s pandemic defying resources boom will be immortalised for future generations through the establishment of a $750 million community investment fund backed entirely by some of the State’s biggest mining companies. Six industry giants have already committed substantial sums of cash to the Resources Community Investment Initiative: Rio Tinto and BHP ($250 million each), Hancock Prospecting ($100m), Woodside ($50m), Chevron ($50m) and Mineral Resources ($50m). Mr McGowan said the idea was sparked around the time of his Government’s $50m commitment to the Aboriginal Cultural Centre — a funding pledge later matched by the Albanese Government before May’s Federal election.
Roy Hill Recognised at Australian Mining Prospect Awards 2022
Roy won the Mine Project Success of the Year Award for the WHIMS Expansion Project (WHIMS 1.5). The pioneering of the Wet High Intensity Magnetic Separator (WHIMS) plant in December 2019 allowed capture of high-grade ultrafine iron ore units which would otherwise have ended up as waste.
Atlas Iron Recognised at Australian Mining Prospect Awards 2022
Atlas won the Indigenous and Community Engagement Award for it’s awarding it’s joint venture mining contract for the Miralga mine to East West Pilbara (EWP) and Ozland in August 2021. Atlas Iron’s General Manager – Projects, Stacey Brown, was recognised with the Project Lead of the Year Award for the Sanjiv Ridge and Miralga hematite iron ore mines, two mines that celebrated first ore at the height of the Covid pandemic on time and on budget.
HOLIDAYS OF OUR LIVES THE ENDURING ALLURE OF HAYMAN ISLAND
Travel & Luxury | 12 November 2022
Australia’s ‘nice problem’ from the Ukraine war
“It’s a nice problem to have,” said CommSec chief economist Craig James. “Demand for our commodities is soaring, and our trade surplus remains significant. Dollars are being injected into the economy at a time when the Reserve Bank is trying to slow growth in activity, income and spending. “At the same time, imports are also growing – highlighting an improvement in supply as well as higher prices. Overall, the trade situation is good news.”
How mining dominates the economy (in seven charts)
Australia’s big miners including BHP, Rio Tinto, Fortescue and companies controlled by Gina Rinehart paid more than $28.5 billion in tax in 2020-21, accounting for nearly a third of total corporate tax revenue.
Budget mines WA success
WA’s booming resources sector remains the ace in the deck for the Federal Government’s budget repair efforts, with iron ore and LNG exports poised to continue delivering much-needed revenue windfalls in the face of rising debt.
ENGINE ROOM OF AUSTRALIA IN OVERDRIVE
Despite conservative estimates, WA’s resources sector fires on all cylinders with record-high commodity prices pouring tens of billions of dollars into economy. Iron ore alone — the vast majority extracted from the Pilbara — accounted for nearly one-quarter of the nation’s record export earnings last year, pouring tens of billions of dollars into the economy through royalties and taxes and helping to slash the projected 2022-23 deficit in half.
Monsters of Rock: Mining workers continue to be very hard to come by, and what did analysts think of BHP’s iron ore ambitions
A new report from the National Skills Commission is out, highlighting the areas where we are looking for workers amid what many industries say is a labour crisis not seen in years. “These issues demand strong industry and government collaboration. There is no silver bullet, but momentum on practical medium and long-term solutions must be escalated and maintained.”
WA’s booming resources sector posts another revenue record of $231 billion
WA’s powerhouse resources sector has delivered another record of $231 billion in the past financial year, the fourth record annual revenue figure in a row. The sector also provided job for a record 157,700 workers in the 2021-22 financial year, representing a 6 per cent increase on the previous year’s figureThe all-time high sales of $231b was up from $211b the previous year, $172b in 2019-20 and $151b in 2018-19. The WA figure represents 55 per cent of the national export earnings figure for resources and energy for financial year 2021-22, highlighting the importance of the WA sector to the national economy.
Iron, gold, lithium drive record WA sales
Western Australia’s resources sector has registered record sales of $231 billion and its highest-ever employment figures in 2021-22. This is the fourth financial year in a row the sector has delivered record revenue, following $151b in 2018-19, $172b in 2019-20 and $211b in 2020-21. Premier and Treasurer Mark McGowan said the results proved the state was the backbone of the nation’s economy.