WA's Resource Projects Surpass $300b
MORE than $300 billion worth of resources projects are either underway or on the cards in Western Australia, according to State Government data.
There were $138 billion worth of resources projects under construction or in the committed stage of development at the start of September, the WA Department of Mines and Petroleum's (DMP) 2010/11 statistics digest released this week showed.
A further $169 billion worth of planned or possible resources projects were in the pipeline in WA, the DMP said in the report.
The vast majority of the projects involve, unsurprisingly, iron ore and LNG.
So far this financial year, US energy giant Chevron has given the final go-ahead for its $29 billion Wheatstone liquefied natural gas (LNG) project in the state's Pilbara region.
On Thursday, Australian Bureau of Statistics (ABS) data showed the state's total mining employment had surpassed 100,000.
Chamber of Minerals and Energy of WA director Damian Callachor said this was a near four-fold increase on a decade ago, when the sector employed 26,500 people in the state.
``That's a massive jump and reflects the number and scale of projects underway in the state,'' Mr Callachor said.
ABS data this week showed that mineral exploration expenditure in WA in the September quarter rose by 3.8 per cent to $448.1 million.
The DMP recently said the value of the state's resource sales for the first time eclipsed $100 billion, in 2010/11, driven by high prices amid robust demand.
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