The Department of Mines, Industry Regulation and Safety today launched the 2020-21 Statistics Digest that captures one of the most outstanding years in the history of Western Australia’s resources sector.
During the 2020-21 financial year, WA posted a record $210 billion of mineral and petroleum sales, a $38 billion increase on the previous year.
The results included a massive $155 billion of iron ore sales and $16.6 billion of gold sales. Employment also hit a record with more than 149,400 people working in the sector.
Nickel sales were valued at $3.5 billion – the industry’s highest sales value in seven years – making it the fourth most valuable mineral commodity.
Interest in the resources sector remains strong with more than $127 billion worth of projects in the pipeline with a number focussing on downstream processing.
The Statistics Digest is published annually by DMIRS and is used by a range of global market analysts, investment banks and industry associations.
DMIRS Director General, Richard Sellers, said It was encouraging to see battery metals continue to prosper with nickel leading an extraordinary increase in the value of these commodities.
“Demand for WA’s resources is expected to grow as they will play an important role in the global transition to a low carbon future.”