Perth mines for the future

Perth mines for the future

Western Australia is intent on maintaining its position as an innovator in the minerals and energy sector, which could have positive ramifications for homeowners in the state.

Strong industry growth and robust employment opportunities can help drive consistent capital growth in an area, which is good news for those with home mortgages, as well as investors.

Funding injection for minerals and energy sector

Mines and Petroleum Minister Bill Marmion recognised eight recipients of the inaugural Odwyn Jones Awards on June 16.

A total of $16,000 in new scholarships was presented as part of a million-dollar program geared toward improving the minerals and energy sector in the state.

The awards are funded by the Minerals Research Institute of Western Australia (MRIWA), and the awardees were selected on the basis of their promising research.

The Odwyn Jones Awards replace MRIWA's previous Minerals and Energy Research Institute of Western Australia scholarships, which have been presented to PhD students since 1991.

According to Mr Marmion, the new awards can offer up to 15 scholarships valued at $2,000 every year for students' fourth-year research projects. Of this group, those who received first class honours could receive a further $3,000 prize.

During the first three years of the Odwyn Jones Awards, 10 PhD scholarships valued at $960,000 will be offered, too.

This year's winners hailed from Murdoch University and Curtin University. Recipients' research focussed on leaching of copper arsenic sulfate, leaching of rare earth element minerals, and an analysis of La Mancha drilling efficiency, to name but a few.

"These are exciting projects, the sort of research that will keep WA at the forefront of innovation in the minerals and energy sector and strengthen the state's future prospects," Mr Marimon noted in a June 16 statement.

With the state gearing up for a strong sector, now could be the time to make the most of cheap fixed home loans and secure your interest in Western Australia's property market.

Image credit: Justin