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West Australia: operating in a mining dependent state


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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

Published in: Business

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  • 1. West Australia: operating in a mining dependent state
    Sturat Russell – Gov’t of West Autralia
  • 2. @Objectivelive
    Lead sponsor:
    Media partners:
    Other sponsors & participating organisations:
  • 3. Western Australia: Operating in a Mining Dependent State
    Global Mining Investment Conference
    London, 27 September 2011
  • 4. About Western Australia
    • 2.5 million square kilometres, or one third of the continent
    • 5. 2.2 million population, or 10% of
    the nation
    • Resource abundance:
    minerals, energy, agriculture
    • Relaxed lifestyle and quality infrastructure, education and health
    • 6. Gateway to Asia, or 60% of the
    world’s population
  • 7. Western Australian Projects Pipeline
  • 8. 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)
    • 9. 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
  • 10. Western Australia’s Top Ten Export Destinations (2010-11)
  • 11. Geopolitical Trends
    • Proximity to the Asian Economic Miracle
    • 12. China, India, Japan, Korea, Singapore, Indonesia, Malaysia, Vietnam, Thailand
    • 13. Driving iron ore, LNG, coal exports
    • 14. Response to Mineral Hegemony
    • 15. Rare earths (FIRB decision on Lynas Corporation)
    • 16. Lithium, tantalum, titanium, uranium developments
    • 17. Western Australian Leadership in Global Exploration
    • 18. Africa (146 Western Australian companies)
    • 19. Central Asia
    • 20. Latin America
    • 21. Western Australia: Driving Innovation in Resource Sector
    • 22. Global Resource Hub
    • 23. Rio, FMG
  • Exploration Incentive Scheme Assists Explorers
    An $80 million package that provides:
    • A drilling subsidy to innovative explorers
    • 24. A stimulus for applied research relevant to exploration
    • 25. Complete coverage of WA by 400 metre line spacing airborne magnetic and radiometric surveys
    • 26. Major gravity surveys and deep seismic lines
    • 27. 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
  • 28. Infrastructure: Existing Ports in Western Australia
    • 8 major ports – State owned and operated
    • 29. All vital nodes in global supply chain logistics
    • 30. Port Hedland world’s largest bulk commodity port by volume
    • 31. All ports are planning major expansion
    • 32. Maritime transport carries 99% of Australian trade by volume
    Site for proposed Oakajee Port
  • 33. 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
  • 34. 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
  • 35. Investor-Friendly Government
    Recent key actions by the Government of Western Australia:
    • Restructured the public service to improve resource project coordination
    • 36. Departments of Mines & Petroleum and State Development
    • 37. Streamlined development approval processes
    • 38. Targeted major resource projects and related infrastructure
    • 39. Oakajee, Browse, Pilbara Cities
    • 40. Overturned legislation that prevented uranium mining
    • 41. Introduced $80 million Exploration Incentive Scheme
    • 42. Review of local content policies in the resource sector
    • 43. 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
    • 44. City with the most Initial Public Offerings (IPO’s) in Australia
    • 45. 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
    • 46. Shell, Chevron, ExxonMobil, ConocoPhillips, ENI, Total
    • 47. GE Oil & Gas, IBM, BAE, Halliburton, SGS, Fenner Dunlop, Sandvik, Mitsubishi
    • 48. Norton Rose, Clifford Chance, Allen and Overy, Bristow
    • Gateway to Asia (same time zone as 60% of global population)
    • 49. Gateway to Indian Ocean Rim (ASEAN, India, Middle East, Africa)
    • 50. Global centre for one of the world’s most diversified resource jurisdictions
    • 51. Only Australian city connected to UK/Europe during business hours
    • 52. Destination for 195 international flights per week
  • The Rise and Rise of Perth contd...
    • Home to the largest single concentration of global mining companies
    • 53. Significant active presence in Australasia, UK/Europe, Asia, Africa, the Americas
    • 54. CSIRO national research centres for Minerals and Petroleum
    • 55. Five internationally focussed universities (education, training, R&D)
    • 56. Cross fertilisation of ideas and projects across our global mining and energy sectors
    • 57. 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
    • 58. Ranked #21 of 221 cities in the Mercer Quality of Living Survey
    • 59. Confidence: business investment increasing by 17.5% per annum
    • 60. Lonely Planet included South West in top ten regions to visit in 2009/10
    • 61. UN global ‘hot spot’ for South West flora and fauna
    • 62. 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 (
    AJM’s 15th Annual Global Iron Ore and Steel Forecast Conference
    Pan Pacific Perth, 20-21 March 2012 (
    Narrow Vein Mining Conference
    Perth, 26-27 March 2012 (
    • Visiting Perth independently or as part of a Business Mission
    • 63. 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
    David McCulloch
    Department of State Development
    Tel: +61 8 9222 0496