Iron ore mining in Western Australia
Mining in Western Australia / From Wikipedia, the free encyclopedia
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Iron ore mining in Western Australia, in the 2018–19 financial year, accounted for 54 percent of the total value of the state's resource production, with a value of A$78.2 billion. The overall value of the minerals and petroleum industry in Western Australia was A$145 billion in 2018–19, a 26 percent increase on the previous financial year.[2][3]
Iron ore mining in Western Australia | |
---|---|
Location | |
State | Western Australia |
Country | Australia |
Regulatory authority | |
Authority | Department of Mines, Industry Regulation and Safety |
Website | www |
Production | |
Commodity | Iron ore |
Production | 844.4 million tonnes |
Value | A$137.6 billion |
Employees | 78,974 |
Year | 2021–22[1] |
Western Australia's iron ore output for 2020–21 was 838.7 million tonnes, the second-highest figure after 2017–18. The bulk of Western Australian ore went to China, which imported 82% of 2021 production, followed by Japan and South Korea, with 6% each.[4] The state has the world's largest reserves of iron ore with 29% of the world's iron ore, followed by Brazil with 19%, Russia with 15% and China with 12%.[2][5][3]
In 2020–21 the Western Australian Government received A$9.8 billion in royalties from the iron ore mining industry in the state.[4][2][6][3] The remaining life of the Pilbara iron ore fields has been estimated as 65 years from 2021.[7]