After a number of years in the doldrums, 2018 saw the WA mining and resources sector turn a corner. A number of significant projects were commenced or announced and there is a palpable buzz in the air (although there is an almost universally acknowledged but unspoken agreement that no-one will use the ‘B’ word). Some people are estimating that there is up to $75b in capital and infrastructure investment coming down the pipeline, including billions of dollars in massive new and expanded iron ore mines, as well as a number of large-scale lithium, nickel and cobalt projects driven by the global demand for lithium-ion EV batteries.
Hence, it seems that WA’s mining sector will be a particularly fertile battleground for some of the ALP’s planned IR changes to be put into effect. There are a number of changes that have been announced by the ALP, or have been called for by the union movement and not yet adopted or rejected by the ALP, that would have a striking impact on this sector, and potentially the ability for the sector to continue its recovery from the mining downturn. Click here to read our thoughts on the planned IR changes.
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