No. 3 - Department of Treasury - The Western Australian Government

Western Australian Economic Summary2006 No.3Figure 27BUSINESS INVESTMENT BY SECTORWestern Australia, Quarterly, Original$6B$5B$4B$3B$2B$1B$0BSep-91 Sep-96 Sep-01 Sep-06Mining Other industries TotalSource: ABS Cat. 5625.0Business investment in Western Australia has been dominated by large-scaleresources projects (Figure 28). Some of the major resource projectscategorised as ‘under construction’ in the September quarter 2006 issue ofthe Access Economics Investment Monitor include:• BHP Billiton’s Ravensthorpe nickel project ($2.7 billion);• North West Shelf consortium’s LNG project and fifth train ($2.4 billion);• Newmont/AngloGold’s expansion of the Boddington gold mine, plus100 megawatt gas-fired power station ($2.0 billion);• BHP Billiton’s iron ore Rapid Growth Project 3 ($1.7 billion);• North West Shelf Consortium’s Angel gas field development($1.5 billion);• Hancock Prospecting’s Hope Downs iron ore project ($1.3 billion);• Rio Tinto’s expansion of Argyle diamond mine ($1.2 billion); and• Woodside’s development of the Vincent oil field ($1.0 billion).• The Boddington gold mine expansion, the Angel gas field developmentand the expansion of the Argyle diamond mine commencedconstruction during the September quarter 2006.42 Department of Treasury and Finance