The Western Australian Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) has released sales data from 2022-23, recording $254 billion worth of sales in the sector.
The Statistics Digest provides detailed editorial and statistical information on the performance of Western Australia’s resource sector during the past financial year.
In addition to record sales, the sector employed 126,481 full-time equivalent jobs, marking six consecutive financial years of employment growth.
The iron ore sector achieved $125 billion in sales during 2022–2023 and accounted for 68 per cent of all mineral sales.
The liquefied natural gas (LNG) industry achieved an all-time high production volume and a production value of $56 billion.
$27 billion dollars was invested in Western Australia’s mining and petroleum sector during the year, driven by new and expanding lithium and iron ore projects. These investments are at the highest level for a single financial year since 2015–2016.
The digest revealed exploration expenditure was at record levels due to spending on gold, iron ore and critical minerals, which are expected to be essential to a net zero emissions future.
The Western Australian Government received $12.76 billion in royalties and related grants from minerals and petroleum producers in 2022–2023.
