WA’s resources sector is basking in a genuine resurgence with investment rising along with the new resources ‘mini-boom’ revealing record sales and employment figures for the sector over the past 12 months for the first time in nearly a decade, according to New data from the WA Department of Mines, Industry Regulation and Safety.
Figures from the DMIRS show close to $19 billion was invested in WA’s resources sector in 2019/20, up $2 billion more than the previous year. The Data shows $129b worth of resources projects are in the pipeline across WA, up from the $118b in March with a record average of 135,000 people employed in the resources sector during 2019-20.
“These record results underpin the importance and resilience of the resources sector as WA recovers from the impacts of the COVID-19 pandemic,” said Mines and Petroleum Minister Bill Johnston after commenting on the WA Governments priority to create jobs and how encouraging it was to see employment rise in the resources sector.
This is a brief summary of the article ‘It’s official: Data confirms WA’s resources ‘mini-boom’ by Stuart McKinnon | The West Australian | Friday 25th September 2020