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By Jane Goldsmith May 6, 2015 FOR every $1 million invested in the WA Government’s Exploration Incentive Scheme (EIS), the state receives $10.3 million in direct benefits, a report has found. The Exploration Incentive Scheme Economic Impact Study, commissioned by the Department of Mines and Petroleum, also found that WA received about $6.2 million in taxation and royalties, and stood to gain about $3.9 million in greater construction activity and $3.3 million in new wealth, from each new project development. The study found new pre-competitive geoscience was the main driver of private sector exploration investment. It also considered the potential economic impact from the discovery and commercialisation of new mines as a result of increased exploration. “This second stage of...

THE WA Chamber of Minerals and Energy (CMEWA) will today host the first crisis meeting among WA’s biggest resource companies to coordinate a response to the risk of coronavirus affecting the State’s mine sites and regional and remote areas. The mining industry is aiming for a unified position should a worker test positive or an outbreak occur at one of the sites, without the risk of government quarantining entire camps or suspending lucrative operations. The meeting will be attended by senior representatives from the WA Department of Mines, Industry Regulation and Safety (DMIRS), industry associations and large mining companies. Other attendees include the WA Chamber of Commerce and Industry, the Association of Mining and Exploration Companies, the Australian Petroleum Production...

WA invests $4m for carbon capture hub The WA State Government will invest more than $4m to establish a carbon capture, utilisation and storage (CCUS) industry in the state. CCUS involves capturing and storing carbon dioxide to reduce emissions from industrial-scale processes and projects, and it will play an important role in decarbonising hard-to-abate industries across the world. Commissioned and co-funded by the WA LNG Jobs Taskforce and undertaken by CSIRO and the Global CCS Institute, the study found WA is capable of storing its own carbon and turning existing infrastructure into CCUS hubs. To help progress CCUS in WA, the State Government will invest $4.3m towards a CCUS action...

Port of Esperance welcomes new iron ore exporter The Port of Esperance has welcomed a new iron ore exporter that will boost iron ore trade by up to 1.5mtpa. In a new agreement with Southern Ports, Gold Valley Iron Ore will be granted access to critical iron ore infrastructure at the port, including rail receival facilities, conveyors, shed space and the ship loader. This marks the first time a second customer has been able to access the iron ore circuit through the port and the first from the Wiluna area. Additionally, long-term customer Mineral Resources will continue to export through the shared infrastructure...