The growth rate of mining industry cools cools

The growth rate of mining industry cools cools

1 minute, 59 seconds Read

The State mining industry had a new peak of 135,000 employees last year, although the growth rate is delayed as the activities were taken offline in the midst of challenging markets.

It marks the eight consecutive annual jobs in the mining industry, with the greatest contributors to full -time mining courts as iron ore, followed by gold and lithium.

But jobs in nickel and aluminum oxide fell after various activities in the entire state were largely restricted in response to weak market conditions.

The jobs in the nickel industry fell by more than 3,200 FTEs, remarkable because of BHP -Mothball with its vast nickel West operations, Igo that creates Cosmos and Forrestania and first quantum minerals, create his Ravenstord Nickel Mine.

Jobs in aluminum oxide and bauxite fell by around 600 FTE as a result of alcoa that limit its Kwinana refinery, according to the state government.

In 2024, the growth rate cooled to 3.7 percent compared to the average of 6.6 percent in the last five years.

When releasing the statistics, the state government said that the figures suggested that employment in the mining could approach its peak.

Last year, 4,263 FTE positions were registered on site in the exploratory sector and another 7,870 FTE positions on the site in the petroleum industry.

As far as the sale is concerned, Iron Ore at the front came with $ 128 billion in turnover, the third highest result recorded, followed by the sale of liquid natural gas of $ 36 billion.

There was $ 24 billion in gold sales, stimulated by geopolitical uncertainty and strong prices for the Safe Haven raw materials.

“The West -Australia sector continues to determine new benchmarks, with record work and strong turnover that stimulates economic growth throughout the state,” said Mijnen and Minister for Petroleum David Michael.

“As the world economy shifts, the WA sector is well placed to support the energy transition, critical development of minerals and continuous exploration.

“More than 135,000 people are now working in our resources sector – the highest registered – that shows the vital role of industry in creating jobs for West -Australians.”


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