WA na­tion’s top min­ing in­vest­ment des­ti­na­tion

Pilbara News - - Pilbara News -

WA re­mains the top des­ti­na­tion for min­ing in­vest­ment in Aus­tralia, at­tract­ing 66 per cent of the na­tion’s to­tal min­ing in­vest­ment in 2015-16, in­creas­ing its share from 60 per cent the pre­vi­ous fi­nan­cial year.

Aus­tralian Bureau of Sta­tis­tics fig­ures show $35 bil­lion was in­vested in WA’s min­ing in­dus­try in 2015-16.

Mines and Pe­tro­leum Min­is­ter Sean L’Es­trange said although the value of the re­sources in­dus­try was down 12 per­cent from 2014-15, it was still strong at $87.9 bil­lion.

“The re­sources in­dus­try’s cur­rent value is more than twice what it was 10 years ago,” he said.

Iron ore re­mained the State’s most valu­able com­mod­ity, with iron ore sales of $48.4 bil­lion ac­count­ing for 71 per cent of to­tal min­eral sales in 2015-16.

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