Western Australia seeks to attract mining investment by improving its regulatory framework and supporting exploration and development. It has abundant natural resources and is a world leader in mineral and energy production. The state government welcomes investment and has implemented programs like an Exploration Incentive Scheme to stimulate exploration. Perth, as the capital and gateway to Asia, is an attractive base for mining companies and talent due to its strategic location and quality of life.
Stuart Russell: Making your jurisdiction attractive to mining (Day 2 - Session 4: Resource Nationalism)
1. day 2 – session 4: Resource Nationalism Making your jurisdiction attractive to miningStuart Russell – Senior Trade & Investment Manager , Government of Western Australia
3. Making your jurisdiction attractive to mining(while at the same time driving Australia’s economy!) Stuart Russell Senior Trade & Investment Manager Government of Western Australia – European Office Global Mining Investment Conference London, 29 September 2010
4. Broad policy objectives in Western Australia The policies: Designed to encourage the continued responsible development of the State’s resource industries. Key priorities: To improve the State’s legislative and regulatory framework To support exploration and development To put an emphasis on safety and sustainability To maximise the benefits from the minerals and petroleum industries to the Western Australian community.
5. About Western Australia Nation’s largest state, covering one third of the continent. Population of 2.2 million. Abundance of natural resources: minerals, energy and agriculture Relaxed lifestyle with high quality infrastructure. Gateway to Asia
6. Oil & Gas Lead/Zinc Bauxite Diamond Iron Ore Nickel Oil & Gas Salt Manganese Nickel Tantalum Gold Iron Ore Chromite Nickel Gold Gold Iron Ore Copper/Zinc Nickel Titanium Minerals Oil & Gas Perth Bauxite Titanium Minerals Coal Tantalum World Leader in Mineral and Energy Production
7. Big State provides wealth of opportunities Western Australia’s resource production is both world scale and world class
8. Top ten export destinations (2009-10) Source: Australian Bureau of Statistics
9. Investor-friendly State Government Since coming to office in late 2008, the new State Government has: Created a new department to focus on the mining and petroleum sector Accelerated approvals relating to mineral titles Now allows uranium exploration and mining Welcomes investment in small to large mineral and energy projects Implemented an Exploration Incentive Scheme
10. Exploration Incentive Scheme assists explorers An $80 million package that provides: A drilling subsidy to innovative explorers A stimulus for applied research relevant to exploration Complete coverage of WA by 400 metre line spacing airborne magnetic and radiometric surveys Major gravity surveys and deep seismic lines New online systems for industry to lodge applications relating to mineral titles and track their progress through approvals processes
14. Oakajee Port, Rail and Industrial Estate – A$10 Billion+ project “the single most important project for Western Australia’s economic development over the next 50 years” Premier Barnett, March 2009.
16. Anketell Port & SIA This project includes the development of the Anketell Port and Strategic Industrial Area (SIA) to: Facilitate future mining development in the Pilbara Develop a multi user deep water port and industrial area that will cater for the project proponents as well as future users The Anketell project will be managed by a single foundation proponent – yet to be determined
19. India jumps to largest coking coal importer in 2015 Coking Coal Import Demand (million tonnes) Source: AME, Wood Mackenzie, ANZ
20. Perth is an Attractive Base for Companies and Talent Shift in corporate influence to the West driven by Perth’s strategic location - access to natural resources, capital, and a quality lifestyle. Perth is home to more than a dozen listed companies with market value greater than AU$1 billion – including Woodside, Shell, BHP Billiton, Rio Tinto, Chevron, Newmont Mining, Fortescue Metals Group, Wesfarmers. It is also home to major petroleum and mineral resources sector research and development facilities and industry bodies including the Association of Mining & Exploration Companies. Since 2007, Perth has become home to 80 more companies. The total of 783 extends the lead over Sydney (672), Melbourne (362) Brisbane (183) and Adelaide (95). Australia was ranked 6th in the 2009 World Quality of Life Index Source: UWA Committee for Perth Study, September 2009 IMD World Competitiveness Online 1995-2009; Austrade
21. Where to from here?….. Follow up to obtain information on opportunities in Western Australia by: Joining in various conferences & exhibitions – MPES 2010 Mine Planning & Equipment Selection, Fremantle 1 December 2010 (www.ausiim.com.au) AJM’s 14th Annual Global Iron Ore and Steel Forecast Conference, Perth 22 March 2011 (www.globalironore.com.au) Visiting Perth independently or as part of a Business Mission 16-18 December 2010 Follow up with our Office
22. Contact details Stuart Russell Senior Trade & Investment Manager Government of Western Australia European Office 5th Floor, Australia Centre Corner of Strand and Melbourne Place London WC2B 4LG – United Kingdom Tel: +44 20 7395 0564 | Fax: +44 20 7240 6637 Email: stuart@wago.co.uk Web: www.wago.co.uk
