Resources and Energy

Western Australia is blessed with an abundance of mineral and energy resources, producing over 50 commercial products and accounting for 6 of the world’s 10 highest value projects.

Perth has established itself as the resources and energy capital of the Indo-Pacific. Perth is home to many globally renowned resource and energy companies, including Chevron, Shell, Rio Tinto, BHP, Woodside, INPEX, South 32, bp, Fortescue Metals Group, Alcoa, Newmont, ENGIE, Total, Yara International, Tianqi and Albemarle.

Global demand for a range of energy transition resources – hydrogen, rare earths, lithium, nickel, cobalt, graphite, ammonia, vanadium – again places Perth and Western Australia at the epicentre of this climate change and decarbonization movement.

AOG Energy, hosted annually in Perth and sponsored by the City of Perth, brings together the entire oil, gas and energy supply chain. In 2023, AOG Energy attracted nearly 6,800 delegates from over 40 countries, providing a platform to raise the profile of the sector on a global scale. 

The City of Perth is a founding member of the World Energy Cities Partnership (WECP), a global network connecting key energy cities committed to fostering the transition to a sustainable energy future. This network extends to 19 cities, boosting industry knowledge exchanges and business-to-business connections, with Perth the only Australian member City. The City won the bid to host the WECP Annual General Meeting (AGM) and conference in November 2023. This affords Perth an outstanding platform to showcase its leadership in energy transition and sustainability.

Key Insights

• Investment attraction: Perth ranked 1st of 84 jurisdictions in the 2021 Fraser Institute Survey of global mining companies Investment Attractiveness Index.
  
  • Source:  Fraser Institute Survey
• Western Australia Resources Profile: (Global supply, 2022)
  • World’s largest lithium supplier (54%)
  • World’s largest iron ore supplier (39%)
  • 3rd largest for rare earths (6%)
  • 5th largest for nickel (5%)
  • 3rd largest for cobalt (3%).
  • Source: W.A. Battery and Critical Minerals Profile
• Western Australia accounted for 12% of global LNG exports and 56% of Australia’s LNG exports in 2021.
  Source: Western Australia LNG Profile
• Mining Industry (City of Perth)
  
  • Largest contributor to total output ($68 billion – 51.4%)
  • 3rd largest for employment (22,875 jobs – 12.8%)
  • Largest value-add ($46 billion – 58.3%)
  • Source: REMPLAN - City of Perth LGA