The latest job figures from the Australian Bureau Of Statistics show an optimistic outlook for WA, closure of Cooper and Oxley building sites puts hundreds of jobs in the balance and a mine revival that could boost jobs; all in our monthly news wrap-up.
Positive Job Figures for WA
Figures recently released by the Australian Bureau of Statistics showed an improvement in WA’s seasonally adjusted employment rate from 6.6% to 5.7% in December, compared to a national average of 5.5%. This improvement was the second highest in the nation.
The deputy premier of Western Australia, Roger Cook, said the figures showed that the economy of the state was “turning in the right direction”. And although Mr Cook showed restraint in claiming the McGowan government was responsible for the improvement, he did point out his government had introduced a jobs bill in 2017 meant to ensure that they (the Labour Government) remained focused on creating jobs for Western Australians.
The deputy premier also mentioned they had introduced several projects around Metronet which were meant to get the economy on the move.
Cooper and Oxley’s shutdown puts jobs at risk
Financial troubles at one of WA’s biggest builders has put hundreds of jobs in the balance. Cooper and Oxley has halted works on all of its projects around the state, including the $101 million Subiaco development which is believed to have been the largest contributor to the company’s financial woes due to cost blowouts.
Cooper and Oxley, in a statement to its sub-contractors, stated that the company had stalled operations in order to review its financial viability. The sub-contractors were also told the company could not pay any due accounts at the moment. The company would provide an update on its financial position at a later date as well as provide the status of projects, and whether they’d proceed, the statement also stated.
Jobs boost as mine is revived
Plans are underway to revive the Paroo Station lead mine near Wiluna. The project which has been dormant for three years will be revived by constructing a new refinery at the site. Other than creating about 250 jobs, the mine will eliminate environmental concerns that have been hanging over the project for more than a decade after an environmental pollution scandal.
LeadFX, the Toronto listed company that owns the mine, is seeking State Environmental Approval to construct a 70,000 tonne a year downstream processing plant at the mine 30km west of Wiluna. In addition to setting up the plant, the company would also extend the mines life from the current 4.5 years to at least a decade.
The company has assured that the project, unlike previously, will not pose any environmental hazards as the lead would be processed on site and transported as lead ingots as opposed to a concentrate – a hazardous good.
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