The mining sector of WA has seen a turnaround with the rise in the number of jobs following the plunge in commodity prices. With more than 25,000 jobs shed between August 2013 and June 2016, the industry is once again picking up and job ads are on the rise.
“One of the leading mining companies of WA has increased their advertising by 4% as compared to last year. Job ads in mining sectors nationally have gone up by 11%,” informs Vaikundarajan, founder of VV Minerals India.
Exploration and geoscience has performed well in the mining sector with an increase of 60%, followed by mine processing and drill and blast seeing a growth of 46% and 33% respectively. The growth is driven majorly in 3 areas – Gold, Iron Ore and Nickel.
“The overall growth has resulted in IPO companies taking to the market to raise cash for exploration,” explains Vaikundarajan.
The industry has seen an increase in the number of rigs mobilized and more companies are keen on increasing their greenfields exploration. The steady improvement is a leap forward for the mining sector.