The Latest From Within The Industry
WA resources growing strongly despite global economic woes
Despite uncertainty about the global economy, Western Australia's resources sector continues to show strong growth with major companies undertaking substantial project expansion, a new report says. The September 2011 edition of the WA Resources and Economics Report says gross state product is expected to grow to 4.3 per cent in 2011-12, climbing to 6 per cent in 2012-13.
The report by WA's Chamber of Minerals and Energy (CME) and financial services firm KPMG says WA's resources sector bounced back from cyclones and floods earlier in the year to post a rise in state final demand of 1 per cent for the June quarter.
CME chief executive Reg Howard-Smith said iron ore and nickel production rose by 14.8 per cent and 16.4 per cent, respectively, while gold output increased by 4.8 per cent.
Titanium minerals reversed their downward production trend by increasing by 7.4 per cent while bauxite output rebounded by 4.8 per cent during the June quarter.The growth in production was supported by several expansion projects coming on line, especially in iron ore, which translated to a 15.4 per cent increase in export value for that mineral.
BHP Billiton and Rio Tinto are undertaking substantial capacity expansion in the Pilbara region. Mr Howard-Smith said that the overall outlook for increased commodity exports was strong against a backdrop of greater uncertainty in the world economy.
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Architectural Ceilings System, 2010
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I have inspected the 3 boxes that you delivered last week and they are spot on.Many thanks to you and the builder for such a good job and quick turnaround time
Pressure Dynamics, 2011