The door to billions of investment dollars from China’s second largest iron ore trader, Sinosteel Corp, is open to Western Australian miners and explorers as the company’s quest to secure long-term supplies gathers momentum.
China’s largest airline, China Southern Airlines, is putting the pressure on its $35 million-plus China Southern West Australian Flying College operations in Perth and Merredin to produce more commercial pilots.
While Western Australia’s so called “V8 economy” was driven by major resources projects more than any other state, its intra-government coordination to facilitate developments was the worst in Australia.
Many of China’s major resources and trading houses have quietly positioned themselves in Perth, seeking a foothold in the market for the raw materials needed to maintain their country’s rampant economic growth.
China's second- largest iron ore trader, Sinosteel, is understood to be seeking a major stake in Perth-based Grange Resources Ltd's $1.5 billion dual Southdown iron ore project near Albany and Kemaman iron ore pellet operation in Malaysia.
The end of the decade is looming as the deadline for billions of dollars worth of infrastructure to be in place if the Mid-West region, centred on Geraldton, is to claim its place as Australia’s second largest iron ore province.
Freezing conditions, plant and pipeline breakdowns, debt and continuing low gold production may have finally closed the book on an Australian company’s involvement in one of Europe’s worst environmental disasters.
Profit announcements from three major international resources companies have underlined the continuing confidence such companies have in Western Australia, adding lustre to the state’s already bright economic future.
All the approvals for the joint developers to make a final investment decision on the $11 billion Gorgon gas project, off Western Australia's North West coast, are expected to be in place before the end of this year.