DMP releases 2015-16 financial year statistics
| Date: | Wednesday, 05 October 2016 |
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Western Australia has been named the nation’s destination of choice for mining investment according to statistics released by the Department of Mines and Petroleum (DMP) today.
General Manager Policy and Coordination Richard Borozdin said the State had attracted 66 per cent of the nation’s total mining investment in 2015-16 and Western Australia’s mineral and petroleum industry was valued at $87.9 billion.
“The statistics show the value of the industry has decreased 12 per cent since last year however, given the sector continues to experience challenging times, the findings would suggest it’s not all doom and gloom for WA.
“While the total sales value of the minerals sector declined, the volume and size of the industry is at a record level. Iron ore sales volume reached a record 757 million tonnes from a total of 31 projects and remains the State’s most valuable commodity,” Mr Borozdin said.
In addition, the value of the State’s gold sales has increased for the second consecutive year, bucking the trend to reach a record $10 billion.
“Western Australia had an estimated $97 billion of resource projects under construction and a total of $46 billion has been identified for possible future projects.
For more information about the latest statistics, please click here.
