WA nation’s top mining investment destination
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.