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West Australia: operating in a mining dependent state

West Australia: operating in a mining dependent state



Objective Capital's Global Resources Investment Conference 2011...

Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 4: Resource nationalism – balancing politics and mining
Speaker: Stuart Russell, Gov't of Western Australia



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    West Australia: operating in a mining dependent state West Australia: operating in a mining dependent state Presentation Transcript

    • West Australia: operating in a mining dependent state
      Sturat Russell – Gov’t of West Autralia
    • @Objectivelive
      Lead sponsor:
      Media partners:
      Other sponsors & participating organisations:
    • Western Australia: Operating in a Mining Dependent State
      Global Mining Investment Conference
      London, 27 September 2011
    • About Western Australia
      • 2.5 million square kilometres, or one third of the continent
      • 2.2 million population, or 10% of
      the nation
      • Resource abundance:
      minerals, energy, agriculture
      • Relaxed lifestyle and quality infrastructure, education and health
      • Gateway to Asia, or 60% of the
      world’s population
    • Western Australian Projects Pipeline
    • World Leader in Minerals and Energy Production and Investment (2010)
      • Value of committed mineral and petroleum
      projects: A$107 billion
      • Value of planned mineral and
      petroleum projects: A$194 billion
      • Value of mineral and petroleum industry:
      A$91.6 billion
      • Value of mineral exploration: A$1.4 billion (57% of nation’s total)
      • Western Australia was ranked #17 in the Fraser Institute Survey
    • World Leader in Minerals and Energy
      Market Share (2010)
      Western Australia’s resource production is both world scale and world class
    • Western Australia’s Top Ten Export Destinations (2010-11)
    • Geopolitical Trends
      • Proximity to the Asian Economic Miracle
      • China, India, Japan, Korea, Singapore, Indonesia, Malaysia, Vietnam, Thailand
      • Driving iron ore, LNG, coal exports
      • Response to Mineral Hegemony
      • Rare earths (FIRB decision on Lynas Corporation)
      • Lithium, tantalum, titanium, uranium developments
      • Western Australian Leadership in Global Exploration
      • Africa (146 Western Australian companies)
      • Central Asia
      • Latin America
      • Western Australia: Driving Innovation in Resource Sector
      • Global Resource Hub
      • Rio, FMG
    • 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
    • Western Australia: Driving the Nation’s Growth
    • Infrastructure: Existing Ports in Western Australia
      • 8 major ports – State owned and operated
      • All vital nodes in global supply chain logistics
      • Port Hedland world’s largest bulk commodity port by volume
      • All ports are planning major expansion
      • Maritime transport carries 99% of Australian trade by volume
      Site for proposed Oakajee Port
    • Infrastructure: 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
    • Infrastructure: Anketell and Ashburton North
      Anketell Port and Ashburton North are major new port and transport corridors with strategic industrial estates
      Anketell: a multi-user, multi-commodity, deepwater port and associated strategic industrial area to export predominantly iron ore from the Pilbara
      Ashburton: a multi-user port and strategic industrial area will accommodate LNG, hydrocarbon based processing and natural gas processing


      Ashburton North
    • Investor-Friendly Government
      Recent key actions by the Government of Western Australia:
      • Restructured the public service to improve resource project coordination
      • Departments of Mines & Petroleum and State Development
      • Streamlined development approval processes
      • Targeted major resource projects and related infrastructure
      • Oakajee, Browse, Pilbara Cities
      • Overturned legislation that prevented uranium mining
      • Introduced $80 million Exploration Incentive Scheme
      • Review of local content policies in the resource sector
      • Opposition to the Federal Government’s MRRT and Carbon Tax
    • The Rise and Rise of Perth
      An Australian Ascendancy
      • New company establishment exceeds Sydney, Melbourne and Brisbane
      • City with the most Initial Public Offerings (IPO’s) in Australia
      • More than 12 corporations with market value >$1 billion (Woodside, Wesfarmers, FMG
      A Global Resource Magnet
      • Alcoa, BHP Billiton, Rio Tinto, Newmont, Citic Pacific, Glencore, First Quantum, Barrick Gold
      • Shell, Chevron, ExxonMobil, ConocoPhillips, ENI, Total
      • GE Oil & Gas, IBM, BAE, Halliburton, SGS, Fenner Dunlop, Sandvik, Mitsubishi
      • Norton Rose, Clifford Chance, Allen and Overy, Bristow
      • Gateway to Asia (same time zone as 60% of global population)
      • Gateway to Indian Ocean Rim (ASEAN, India, Middle East, Africa)
      • Global centre for one of the world’s most diversified resource jurisdictions
      • Only Australian city connected to UK/Europe during business hours
      • Destination for 195 international flights per week
    • The Rise and Rise of Perth contd...
      • Home to the largest single concentration of global mining companies
      • Significant active presence in Australasia, UK/Europe, Asia, Africa, the Americas
      • CSIRO national research centres for Minerals and Petroleum
      • Five internationally focussed universities (education, training, R&D)
      • Cross fertilisation of ideas and projects across our global mining and energy sectors
      • Ranked #17 of 79 global jurisdictions in the Fraser Institute Annual Survey of Mining Companies
      • Ranked #8 of 140 cities in the Economist Intelligence Unit Liveability Survey
      • Ranked #21 of 221 cities in the Mercer Quality of Living Survey
      • Confidence: business investment increasing by 17.5% per annum
      • Lonely Planet included South West in top ten regions to visit in 2009/10
      • UN global ‘hot spot’ for South West flora and fauna
      • Best premium wines and beaches in the world
    • Where to From Here?
      Obtain information on opportunities in Western Australia by:
      • Joining in various conferences & exhibitions
      8th International Heavy Minerals Conference
      Perth, 5-6 October 2011 (http://www.ausimm.com.au)
      AJM’s 15th Annual Global Iron Ore and Steel Forecast Conference
      Pan Pacific Perth, 20-21 March 2012 (www.globalironore.com.au)
      Narrow Vein Mining Conference
      Perth, 26-27 March 2012 (http://www.ausimm.com.au)
      • Visiting Perth independently or as part of a Business Mission
      • Follow up with our London and Perth offices
    • 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
      David McCulloch
      Department of State Development
      Tel: +61 8 9222 0496 david.mcculloch@dsd.wa.gov.au