Iron ore mining companies in Western Australia, South Australia and the Northern Territory ended the month of March in high spirits.
The import price of iron ore at China’s main port, Tianjin has soared 4 per cent to $116.80 per tonne.
WA mining jobs growth
Australian mining companies have invested heavily in new technology to create more efficient and profitable mining operations across the country. As productivity increases and the demand for iron ore remains as it is, the volatile price fluctuations can create massive profits or losses for mining companies. At the end of March 2014, mining companies can be feeling a little more confident about the coming months.
The big Australian mining companies keep thousands of people in WA mining jobs and this can be linked to the price of iron ore. High profits in the mining industry create a more stable WA mining jobs environment.
“best one day iron ore price performance since August 2013”
This is the best one day performance for iron ore since August 2013 and a much welcomed breath of positivity compared to the 8% drop on March 10th to a low $104.70.
The iron ore price remains down just around 13% since the start of the year. China’s steel sector, which eats up about 70 per cent of the global seaborne iron ore trade, creates nearly as much steel as the rest of the world combined.
While China’s steel output has been moderate, production has risen from the 2.07 million tonnes daily average for 2013.
In the three months of 2014, Chinese imports have jumped 21 per cent compared to January-February 2013, with a forecast that China’s iron ore imports could reach new record highs in 2014, rising 12 per cent to somewhere in the region of 921 million tonnes compared to 2013.
WA mining jobs – what to expect
In a series of article on WA mining, iMINCO reported on how the iron ore price can be attributed to jobs stability in the WA mining sector. With thousands of mine workers relying on mining employment in WA, price increases in iron ore should be viewed as positive news.
As mining in Australia relies more and more on new technology, mining jobs in Western Australia will be more specialised, requiring highly trained workers to maintain the swathe of mining machinery needed to keep mining operations functioning.
These Western Australian iron ore focused articles, can help mining jobs seekers to understand mining from the perspective of a mining company.
- Australian mining companies not fazed on iron ore price
- Australian Mining Companies ““ Iron Ore Price
- Iron ore price edges upward
- WA Mining Jobs ““ Hints & Tips
- Fortescue Metals ““ WA Jobs Tips
- WA Jobs ““ Dump Truck Operators
At the other end of the scale, droves of workers are out in the searing heat of WA, SA and the NT operating heavy machinery, excavating, preparing and sifting, transporting and loading iron ore – ready to be delivered to customers all over the world.
In terms of WA mining jobs security for workers and new starters, keeping up to date with outside influences that affect the profitability of a mining company is critical. No longer can mine workers be expected to turn up for work and expect a job for life.
Highly-tuned and forward-thinking employees and contractors stay one step ahead and take the time to understand the mining industry and how changes in prices, markets and demand can affect their careers.
Be informed every step of the way about WA mining jobs as well as general news and information about the Australian mining and resource sector by getting the iMINCO Project News delivered to your inbox (see below).