The first edition for 2015 begins with a look at the history and rise of Korean steel manufacturer, POSCO. Reliant on high-quality iron ore, POSCO’s decision to secure a 12.5 per cent stake in the Roy Hill project in Port Hedland was a strategic company decision. POSCO has developed a long-standing relationship with Western Australia, through several large-scale project investments in the State.
This edition also outlines the success of the State in securing a significant domestic gas commitment from the North West Shelf Joint Venture, which will see the equivalent in volume of 15 per cent of new approved LNG exports. This commitment has been reached for the benefit of the Western Australian community, through the cooperation of Woodside Energy and its partners with the State.
Perth will welcome the launch of Unearthed this month, an innovative approach to producing prototype solutions in the resources industry. The initiative was developed as a result of several factors – the current economic market for commodities, the continuous need for technology innovation in the resources industry, and the innovation of Resources Innovation and Information Technology Directors, Zane Prickett, Paul Lucey and Justin Strharsky.
Other items covered by Prospect include:
- Public art unveiled in Paraburdoo in the name of mental health
- The State Government reaches A$1 billion milestone on unconditional performance bonds only six months after Mining Rehabilitation Fund was launched
- Nova Nickel Project commenced mining in January this year, only two years after resource discovery
- Premier announces significant investment into community health care in Onslow
- Western Australia remains in top five for investment attractiveness according to the Fraser Institute’s Survey for 2014.
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