WA resources boom - Part 2
Nov 16th 2006, 2:14 am
#1
Proudly Deplorable
Thread Starter
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
WA resources boom - Part 2
For all those who think WA's resources boom is coming to an end, think again. Current projects still have 2-5 years left. Then there is this (this does not include Chevrons Gorgon project, Alcoa's Alumina upgrade plus new container port, Watercorp & Western Power multi-billion infrastructure upgrading & the inevitable mining of uranium) from today's Western Australian:
WA’s big projects lead the way as mining boom rolls on
16th November 2006, 7:30 WST
WA’s mining boom is set to continue with a new report predicting a surge in iron ore, gold and gas projects in the coming year and beyond.
The Australian Bureau of Agricultural and Resource Economics, in its latest review of major mineral and energy projects either under way or in the pipeline, suggests the WA love affair with big commodity developments is not slowing. Of the 24 major projects worth $5.8 billion that were completed in the period May to October, eight worth $2.8 billion were finished in WA.
They included Woodside’s Einfield oil project and BHP Billiton’s iron ore upgrade project in the Pilbara.
But looking ahead at advanced projects, which are either committed to or under way, the story is even better for WA. The nation has 94 projects at the advanced stage, worth $34.8 billion. WA accounts for 21 mining projects worth $11.8 billion and another 11 energy projects worth about $8 billion.
They include Woodside’s North-West Shelf extension project, worth $2.4 billion, Rio Tinto and Hancock Prospecting’s $1.3 billion Hope Downs iron ore mine, and Newmont and AngloGold’s $2 billion redevelopment of the Boddington goldmine. The bureau also keeps tabs on less advanced projects, those that might go ahead depending on price movements, demand and even fluctuations in the exchange rate. It has 174 of those projects worth $122 billion on its books. WA accounts for 64 of them, including 16 iron ore, 10 gold, nine nickel and seven petroleum projects. Since April, about 50 projects at the advanced and less advanced stage have been added to the bureau’s list, the biggest increase since records have been kept. Many of these may not be seen until 2010 or beyond.
The bureau’s acting executive director, Karen Schneider, said the only downside to all the activity was that price pressures, and possible delays, were likely to continue to plague the sector.
SHANE WRIGHT
WA’s big projects lead the way as mining boom rolls on
16th November 2006, 7:30 WST
WA’s mining boom is set to continue with a new report predicting a surge in iron ore, gold and gas projects in the coming year and beyond.
The Australian Bureau of Agricultural and Resource Economics, in its latest review of major mineral and energy projects either under way or in the pipeline, suggests the WA love affair with big commodity developments is not slowing. Of the 24 major projects worth $5.8 billion that were completed in the period May to October, eight worth $2.8 billion were finished in WA.
They included Woodside’s Einfield oil project and BHP Billiton’s iron ore upgrade project in the Pilbara.
But looking ahead at advanced projects, which are either committed to or under way, the story is even better for WA. The nation has 94 projects at the advanced stage, worth $34.8 billion. WA accounts for 21 mining projects worth $11.8 billion and another 11 energy projects worth about $8 billion.
They include Woodside’s North-West Shelf extension project, worth $2.4 billion, Rio Tinto and Hancock Prospecting’s $1.3 billion Hope Downs iron ore mine, and Newmont and AngloGold’s $2 billion redevelopment of the Boddington goldmine. The bureau also keeps tabs on less advanced projects, those that might go ahead depending on price movements, demand and even fluctuations in the exchange rate. It has 174 of those projects worth $122 billion on its books. WA accounts for 64 of them, including 16 iron ore, 10 gold, nine nickel and seven petroleum projects. Since April, about 50 projects at the advanced and less advanced stage have been added to the bureau’s list, the biggest increase since records have been kept. Many of these may not be seen until 2010 or beyond.
The bureau’s acting executive director, Karen Schneider, said the only downside to all the activity was that price pressures, and possible delays, were likely to continue to plague the sector.
SHANE WRIGHT
Nov 16th 2006, 2:17 am
#2
Gutter Gob!!
Joined: Feb 2005
Location: Perth
Posts: 13,098
Re: WA resources boom - Part 2
Good news on a work front for Mr NB. Thanks for posting.
Nov 16th 2006, 2:30 am
#3
Proudly Deplorable
Thread Starter
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: WA resources boom - Part 2
Originally Posted by northernbird
Good news on a work front for Mr NB. Thanks for posting.
Nov 16th 2006, 5:17 am
#4
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: WA resources boom - Part 2
And the recent property stats show that there's been no let up in price increases over the past few months.
http://www.thewest.com.au/default.as...ontentID=13224
10% just increase in the september qtr!
http://www.thewest.com.au/default.as...ontentID=13224
10% just increase in the september qtr!
Nov 16th 2006, 8:54 am
#5
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: WA resources boom - Part 2
Originally Posted by steve99
And the recent property stats show that there's been no let up in price increases over the past few months.
http://www.thewest.com.au/default.as...ontentID=13224
10% just increase in the september qtr!
http://www.thewest.com.au/default.as...ontentID=13224
10% just increase in the september qtr!
OzTennis
*lest I be accused of being unPC, this should now read go west young person but some take exception even to the perSON bit!
Best recent PC bit - the drug addicts in a UK jail who were paid compensation because they had to go 'cold turkey'. :scared:
