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West Australia: operating in a mining dependent state<br />Sturat Russell – Gov’t of West Autralia<br />
@Objectivelive<br />GLOBAL RESOURCESINVESTMENT CONFERENCE 2011<br />Lead sponsor:<br />Media partners:<br />Other sponsors...
Western Australia: Operating in a Mining Dependent State<br />Global Mining Investment Conference<br />London, 27 Septembe...
About Western Australia<br /><ul><li> 2.5 million square kilometres, or one third of the continent
 2.2 million population, or 10% of </li></ul>the nation<br /><ul><li> Resource abundance: </li></ul>minerals, energy, agri...
 Gateway to Asia, or 60% of the </li></ul>world’s population<br />
Western Australian Projects Pipeline<br />
World Leader in Minerals and Energy Production and Investment (2010)<br /><ul><li> Value of committed mineral and petroleu...
 Western Australia was ranked #17 in the Fraser Institute Survey</li></li></ul><li>World Leader in Minerals and Energy<br ...
Western Australia’s Top Ten Export Destinations (2010-11)<br />
Geopolitical Trends<br /><ul><li> 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
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West Australia: operating in a mining dependent state

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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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Transcript of "West Australia: operating in a mining dependent state"

  1. 1. West Australia: operating in a mining dependent state<br />Sturat Russell – Gov’t of West Autralia<br />
  2. 2. @Objectivelive<br />GLOBAL RESOURCESINVESTMENT CONFERENCE 2011<br />Lead sponsor:<br />Media partners:<br />Other sponsors & participating organisations:<br />
  3. 3. Western Australia: Operating in a Mining Dependent State<br />Global Mining Investment Conference<br />London, 27 September 2011<br />
  4. 4. About Western Australia<br /><ul><li> 2.5 million square kilometres, or one third of the continent
  5. 5. 2.2 million population, or 10% of </li></ul>the nation<br /><ul><li> Resource abundance: </li></ul>minerals, energy, agriculture<br /><ul><li> Relaxed lifestyle and quality infrastructure, education and health
  6. 6. Gateway to Asia, or 60% of the </li></ul>world’s population<br />
  7. 7. Western Australian Projects Pipeline<br />
  8. 8. World Leader in Minerals and Energy Production and Investment (2010)<br /><ul><li> Value of committed mineral and petroleum </li></ul>projects: A$107 billion<br /><ul><li> Value of planned mineral and </li></ul>petroleum projects: A$194 billion<br /><ul><li> Value of mineral and petroleum industry: </li></ul>A$91.6 billion<br /><ul><li> Value of mineral exploration: A$1.4 billion (57% of nation’s total)
  9. 9. Western Australia was ranked #17 in the Fraser Institute Survey</li></li></ul><li>World Leader in Minerals and Energy<br />Market Share (2010)<br />Western Australia’s resource production is both world scale and world class<br />
  10. 10. Western Australia’s Top Ten Export Destinations (2010-11)<br />
  11. 11. Geopolitical Trends<br /><ul><li> Proximity to the Asian Economic Miracle
  12. 12. China, India, Japan, Korea, Singapore, Indonesia, Malaysia, Vietnam, Thailand
  13. 13. Driving iron ore, LNG, coal exports
  14. 14. Response to Mineral Hegemony
  15. 15. Rare earths (FIRB decision on Lynas Corporation)
  16. 16. Lithium, tantalum, titanium, uranium developments
  17. 17. Western Australian Leadership in Global Exploration
  18. 18. Africa (146 Western Australian companies)
  19. 19. Central Asia
  20. 20. Latin America
  21. 21. Western Australia: Driving Innovation in Resource Sector
  22. 22. Global Resource Hub
  23. 23. Rio, FMG</li></li></ul><li>Exploration Incentive Scheme Assists Explorers<br />An $80 million package that provides:<br /><ul><li> A drilling subsidy to innovative explorers
  24. 24. A stimulus for applied research relevant to exploration
  25. 25. Complete coverage of WA by 400 metre line spacing airborne magnetic and radiometric surveys
  26. 26. Major gravity surveys and deep seismic lines
  27. 27. New online systems for industry to lodge applications relating to mineral titles and track their progress through approvals processes</li></li></ul><li>Western Australia: Driving the Nation’s Growth<br />
  28. 28. Infrastructure: Existing Ports in Western Australia<br /><ul><li> 8 major ports – State owned and operated
  29. 29. All vital nodes in global supply chain logistics
  30. 30. Port Hedland world’s largest bulk commodity port by volume
  31. 31. All ports are planning major expansion
  32. 32. Maritime transport carries 99% of Australian trade by volume</li></ul>Site for proposed Oakajee Port<br />
  33. 33. Infrastructure: Oakajee Port, Rail and Industrial Estate: A$10 Billion+ Project<br />“the single most important project for Western Australia’s economic development over the next 50 years”<br />Premier Barnett, March 2009<br />
  34. 34. Infrastructure: Anketell and Ashburton North<br />Anketell Port and Ashburton North are major new port and transport corridors with strategic industrial estates <br />Anketell: a multi-user, multi-commodity, deepwater port and associated strategic industrial area to export predominantly iron ore from the Pilbara<br />Ashburton: a multi-user port and strategic industrial area will accommodate LNG, hydrocarbon based processing and natural gas processing<br />●<br />Anketell<br />●<br />Ashburton North<br />
  35. 35. Investor-Friendly Government<br />Recent key actions by the Government of Western Australia:<br /><ul><li> Restructured the public service to improve resource project coordination
  36. 36. Departments of Mines & Petroleum and State Development
  37. 37. Streamlined development approval processes
  38. 38. Targeted major resource projects and related infrastructure
  39. 39. Oakajee, Browse, Pilbara Cities
  40. 40. Overturned legislation that prevented uranium mining
  41. 41. Introduced $80 million Exploration Incentive Scheme
  42. 42. Review of local content policies in the resource sector
  43. 43. Opposition to the Federal Government’s MRRT and Carbon Tax</li></li></ul><li>The Rise and Rise of Perth<br />An Australian Ascendancy<br /><ul><li>New company establishment exceeds Sydney, Melbourne and Brisbane
  44. 44. City with the most Initial Public Offerings (IPO’s) in Australia
  45. 45. More than 12 corporations with market value >$1 billion (Woodside, Wesfarmers, FMG</li></ul>A Global Resource Magnet<br /><ul><li>Alcoa, BHP Billiton, Rio Tinto, Newmont, Citic Pacific, Glencore, First Quantum, Barrick Gold
  46. 46. Shell, Chevron, ExxonMobil, ConocoPhillips, ENI, Total
  47. 47. GE Oil & Gas, IBM, BAE, Halliburton, SGS, Fenner Dunlop, Sandvik, Mitsubishi
  48. 48. Norton Rose, Clifford Chance, Allen and Overy, Bristow</li></ul>Location<br /><ul><li>Gateway to Asia (same time zone as 60% of global population)
  49. 49. Gateway to Indian Ocean Rim (ASEAN, India, Middle East, Africa)
  50. 50. Global centre for one of the world’s most diversified resource jurisdictions
  51. 51. Only Australian city connected to UK/Europe during business hours
  52. 52. Destination for 195 international flights per week</li></li></ul><li>The Rise and Rise of Perth contd...<br />Expertise<br /><ul><li> Home to the largest single concentration of global mining companies
  53. 53. Significant active presence in Australasia, UK/Europe, Asia, Africa, the Americas
  54. 54. CSIRO national research centres for Minerals and Petroleum
  55. 55. Five internationally focussed universities (education, training, R&D)
  56. 56. Cross fertilisation of ideas and projects across our global mining and energy sectors
  57. 57. Ranked #17 of 79 global jurisdictions in the Fraser Institute Annual Survey of Mining Companies</li></ul>Lifestyle<br /><ul><li> Ranked #8 of 140 cities in the Economist Intelligence Unit Liveability Survey
  58. 58. Ranked #21 of 221 cities in the Mercer Quality of Living Survey
  59. 59. Confidence: business investment increasing by 17.5% per annum
  60. 60. Lonely Planet included South West in top ten regions to visit in 2009/10
  61. 61. UN global ‘hot spot’ for South West flora and fauna
  62. 62. Best premium wines and beaches in the world</li></li></ul><li>Where to From Here?<br />Obtain information on opportunities in Western Australia by:<br /><ul><li> Joining in various conferences & exhibitions </li></ul>8th International Heavy Minerals Conference<br />Perth, 5-6 October 2011 (http://www.ausimm.com.au) <br />AJM’s 15th Annual Global Iron Ore and Steel Forecast Conference<br />Pan Pacific Perth, 20-21 March 2012 (www.globalironore.com.au)<br />Narrow Vein Mining Conference<br />Perth, 26-27 March 2012 (http://www.ausimm.com.au) <br /><ul><li> Visiting Perth independently or as part of a Business Mission
  63. 63. Follow up with our London and Perth offices</li></li></ul><li>Contact Details<br /> Stuart Russell<br /> Senior Trade & Investment Manager<br />Government of Western Australia<br />European Office<br />5th Floor, Australia Centre<br />Corner of Strand and Melbourne Place<br />London WC2B 4LG – United Kingdom<br />Tel: +44 20 7395 0564<br />Fax: +44 20 7240 6637<br />Email: stuart@wago.co.uk<br />Web: www.wago.co.uk<br />______________________________________________<br />David McCulloch<br />Department of State Development<br />Tel: +61 8 9222 0496 david.mcculloch@dsd.wa.gov.au   <br />www.dsd.wa.gov.au<br />
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