During the 2024-25 financial year, Western Australia has recorded ‘strong’ resources sales of $220 billion in the 12 months to 30 June, supported by mining job numbers of 134,009 on-site full-time positions.
There were also 4,248 on-site full-time positions in the exploration sector, as well as a further 9,428 workers in the petroleum industry.
Western Australia’s gold sector paved the way with all-time high sales of $29 billion, driven by high prices and a slightly higher output of 6.7 million ounces.
According to Trading Economics, gold prices sat at US$4,199 ($6,326) per ounce this morning. On Friday 5 November, gold touched US$4,210 per ounce, close to its highest levels since late October.
The iron ore sector generated $122 billion in sales on the back of high prices and a near-record output of 864 million tonnes. Iron ore sat at US$107.24 per ounce at the time of writing.
Western Australia’s liquefied natural gas (LNG) production was valued at $36 billion, among the highest sales for any calendar or financial year.
Meanwhile, alumina achieved its second-highest sales value of $8.2 billion, as higher prices offset lower production.
On the investment side, Western Australia’s mining and petroleum industries reached $33 billion in 2024-25, maintaining high levels since 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: iStock
