Western Australian Mineral and Petroleum Statistics Digest 2014-15
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Government of Western Australia Department of Mines and Petroleum WESTERN AUSTRALIAN MINERAL AND PETROLEUM STATISTICS DIGEST 2014–15 Disclaimer Information provided in this Digest is made available without charge, as a public service, in good faith. The information provided is derived from sources believed to be reliable and accurate at the time of publication. However, use of the information in the Digest is at your own risk. The Digest is provided solely on the basis that users will be responsible for making their own assessment of the information provided therein and users are advised to verify all representations, statements and information for decisions that concern the conduct of business that involves monetary or operational consequences. Each user waives and releases the Department of Mines and Petroleum and the State of Western Australia and its servants to the full extent permitted by law from all and any claims relating to the use of the material in the Digest. In no event shall the Department of Mines and Petroleum or the State of Western Australia be liable for any incidental or consequential damages arising from any use or reliance on any material in this Digest. Copyright © 2015 Copyright in this document is reserved to the State of Western Australia. Reproduction except in accordance with copyright law is prohibited. *RYHUQPHQWRI:HVWHUQ$XVWUDOLD 'HSDUWPHQWRI0LQHVDQG3HWUROHXP *RYHUQPHQWRI:HVWHUQ$XVWUDOLD 'HSDUWPHQWRI0LQHVDQG3HWUROHXP (QYLURQPHQW CONTENTS FOREWORD ........................................................................................................................................ 3 1. EXPLORATION AND MINERAL AND PETROLEUM TITLES 1.1 Minerals Exploration ............................................................................................................... 4 1.2 Petroleum Exploration ............................................................................................................ 5 1.3 Mineral Titles.......................................................................................................................... 5 1.4 Petroleum Titles ..................................................................................................................... 6 2. MINERAL AND PETROLEUM INDUSTRY 2014–15 REVIEW 2.1 Overview ................................................................................................................................ 7 2.2 Iron Ore ................................................................................................................................ 12 2.3 Petroleum ............................................................................................................................ 16 2.4 Gold ..................................................................................................................................... 24 2.5 Alumina ............................................................................................................................... 27 2.6 Nickel ................................................................................................................................... 29 2.7 Base Metals ......................................................................................................................... 32 2.8 Mineral Sands ...................................................................................................................... 34 2.9 Diamonds ............................................................................................................................. 36 2.10 Other .................................................................................................................................... 37 3. EMPLOYMENT, INVESTMENT AND ROYALTIES 3.1 Employment ......................................................................................................................... 40 3.2 Investment ........................................................................................................................... 42 3.3 Royalties .............................................................................................................................. 45 TABLES 1. Mineral Tenements in Force .................................................................................................... 5 2. Petroleum Titles in Force ........................................................................................................ 6 3. Royalty Receipts ................................................................................................................... 45 4. Quantity and Value of Minerals and Petroleum ...................................................................... 46 5. Quantity and Value of Selected Major Commodities .............................................................. 48 6. Value of Minerals and Petroleum by Region by Commodity ................................................... 50 7. Value of Minerals and Petroleum by Region by Local Government Area ................................. 51 8. Average Number of Persons Employed in the Minerals Industry ............................................ 52 9. Principal Mineral and Petroleum Producers .......................................................................... 60 ABBREVIATIONS ................................................................................................................................ 65 WEIGHTS AND MEASURES ................................................................................................................ 65 UNITS AND CONVERSION FACTORS ................................................................................................... 65 DATA SOURCES ................................................................................................................................. 66 MAPS 1. Local Government and Regional Boundaries ......................................................................... 67 2. Local Government and Regional Boundaries Insert ............................................................... 68 3. Major Mineral and Petroleum Projects in Western Australia ................................................... 69 4. Major Mineral and Petroleum Projects in Western Australia Insert ......................................... 70 WESTERN AUSTRALIAN MINERAL AND PETROLEUM STATISTICS DIGEST 2014–15 1 LIST OF FIGURES Figure 1. Mineral Exploration Expenditure ..........................4 Figure 33. LNG Import Prices .............................................23 Figure 2. Petroleum Exploration Expenditure ......................5 Figure 34. Gold Exports .....................................................25 Figure 3. Average Price Comparison 2013–14 and Figure 35. Gold Production .................................................25 2014–15 .............................................................9 Figure 4. Exchange Rate Trade-Weighted Index ..................9 Figure 36. Gold Price ..........................................................26 Figure 5. Exchange Rate US$/A$ ........................................9 Figure 37. Gold Quantity and Value by Quarter ....................26 Figure 6. Non-rural Commodity Price Index ......................10 Figure 38. Historic Gold Price, per Ounce ...........................26 Figure 7. Australian Dollar Exchange Rate against Figure 39. Alumina Quantity and Value by Quarter ..............27 Major Currencies ...............................................10 Figure 8. Major Commodities by Value..............................10 Figure 40. Alumina Price – A$/tonne ..................................27 Figure 9. Western Australian Mineral and Petroleum Figure 41. Alumina Exports ................................................27 Exports 2014–15 ...............................................11 Figure 42. Alumina Quantity ...............................................28 Figure 10. Western Australian Merchandise Exports 2014–15 ...........................................................11 Figure 43. Nickel Price A$/tonne ........................................29 Figure 11. Western Australian Merchandise Exports Figure 44. Nickel Exports ...................................................29 by Country 2014–15..........................................11 Figure 45. Nickel Quantity and Value by Quarter .................30 Figure 12. Australian Merchandise Exports 2014–15..........11 Figure 13. Value by Commodity 2014–15 ...........................11 Figure 46. Nickel Quantity ..................................................31 Figure 14. Iron Ore Exports.................................................12 Figure 47. Historic Nickel Price per tonne ...........................31 Figure 15. Iron Ore Quantity and Value by Quarter ..............12 Figure 48. Copper Price......................................................33 Figure 16. China’s Crude Steel Production and Figure 49. Lead Price .........................................................33 Iron Ore Imports ................................................13 Figure 17. China’s Iron Ore Imports by Country Figure 50. Zinc Price .........................................................33 for 2014 ............................................................14 Figure 51. Heavy Mineral Sands Exports ...........................34 Figure 18. Iron Ore Quantity ...............................................15 Figure 52. Heavy Mineral Sands – Value by Quarter ...........34 Figure 19. Iron Ore Fines (Average price) ............................15 Figure