Global consumption of raw materials is set to nearly double by 2060 to meet the expected demand of a growing population and development. These will have strong spatial dimensions, given that raw materials and their extraction are located in specific regions, bringing both challenges, and opportunities. The challenges stemming from high specialisation in mining include the Dutch disease, which increases vulnerability to external shocks, as well as managing environmental impacts. Opportunities, in turn, arise from higher investments and technological innovations leading to high-wage jobs and fiscal income.
Local governments and actors, around the OECD, have identified a number of good practices and policies to successfully navigate these challenges and leverage opportunities. This event, part of the OECD Mining Regions and Cities initiative, provides an opportunity to learn, exchange and disseminate these best practices.
About the event
The meeting in Karratha will focus on two key pillars:
I. Diversification and green value chains: Economic diversification is important in order to ensure that mining regions develop economic resilience, over the long run, against economic shocks. The green transition can help with diversification efforts by contributing to the emergence of new business opportunities for the local economy, for example from circular practices in the mining value chain, as well as by providing new ways of involving the different community stakeholders in regional development.
Fostering entrepreneurial culture and creating opportunities outside mining to increase diversification
Upscaling local business to make the most of the green transition in the mining value chain
Ensuring skills for the future: new jobs for the green and digital transitions in mining
Partnering with Indigenous communities to unlock new business opportunities in mining regions
II. Liveable and sustainable mining communities: Greater liveability in mining communities should be aligned with a more sustainable use of resources, along with the delivery of quality services and infrastructure, helping to improve regional attractiveness for people and business. Collaboration with the private sector, for example through better ESG practices, would be a cornerstone to this end.
Accelerating the environmental transition in mining regions to reduce negative externalities
Collaborating with the private sector to improve environmental and social outcomes
Ensuring sustainable housing supply and infrastructure in a context of mining boom and bust
Attracting and retaining women and youth to mining regions
Karratha is the capital of the Pilbara Region in Australia’s north west. The region is well known for its Aboriginal history dating back 40,000 years and its spectacular scenery that is thought to be around 2.8 billion years old. The Pilbara supports 63,850 jobs and has an annual economic output of more than AUD 61 billion.
Karratha hosts multi-national corporations and has a long history of exporting iron ore, liquefied natural gas, salt and ammonia products. While this activity is set to continue into the future, the region boasts numerous other comparative advantages that present opportunities for new industries and economic diversification.
Karratha is also known for its spectacular landscapes and recreational offerings, which include world-class camping, boating, fishing, four-wheel driving and unique eco-cultural experiences.
Rock Art located in the Murujuga National Park
Red Earth Arts Precinct 27 Welcome Road Karratha WA 6714