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WA's resources industry getting stronger with $108.8 billion sales

first-chevron-wheatstone-lng-cargo-departs-for-japan Credit Chevron Australiafirst-chevron-wheatstone-lng-cargo-departs-for-japan Credit Chevron Australia

Western Australia reported natural resources sales of $108.8 billion in 2017, a 16 per cent increase from 2016

"The statistics reflect the industry's strong economic performance in 2017, despite facing global demand challenges and geopolitical instability"

-Mines and Petroleum Minister Bill Johnston

The State’s resources industry reached several milestones last year with gold, liquefied natural gas (LNG) and iron ore leading the way. 

Iron ore sales were up 14 per cent to nearly $63 billion, gold sales exceeded $11 billion for the first time, 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 Western Australia increased by 166 per cent to reach $780 million.

People directly employed in WA's minerals sector also increased by six per cent to more than 111,000 employees.

"The statistics reflect the industry's strong economic performance in 2017, despite facing global demand challenges and geopolitical instability, “said Mines and Petroleum Minister Bill Johnston.

Why invest in Western Australia’s resources sector?

  • WA is one of the world’s most diverse energy and minerals provinces, with more than 50 different minerals produced in commercial quantities along with petroleum products. 
  • The State’s capital city, Perth is strategically positioned in the same time zone as much of Asia and in close proximity to key growth economies in Asia and our major export markets, China and Japan in particular
  • WA is highly rated by the Fraser Institute as an attractive jurisdiction for mining investment.


For more information, visit www.dmp.wa.gov.au  

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