Objective Capital's Global Resources Investment Conference 2011 Stationers' Hall, City of London 27-28 September 2011 Day 1- Session 4: Resource nationalism – balancing politics and mining Speaker: Stuart Russell, Gov't of Western Australia

1. West Australia: operating in a mining dependent state Sturat Russell – Gov’t of West Autralia

2. @Objectivelive GLOBAL RESOURCESINVESTMENT CONFERENCE 2011 Lead sponsor: Media partners: Other sponsors & participating organisations:

3. Western Australia: Operating in a Mining Dependent State Global Mining Investment Conference London, 27 September 2011

6. Gateway to Asia, or 60% of the world’s population

7. Western Australian Projects Pipeline

10. Western Australia’s Top Ten Export Destinations (2010-11)

12. China, India, Japan, Korea, Singapore, Indonesia, Malaysia, Vietnam, Thailand

13. Driving iron ore, LNG, coal exports

14. Response to Mineral Hegemony

15. Rare earths (FIRB decision on Lynas Corporation)

16. Lithium, tantalum, titanium, uranium developments

17. Western Australian Leadership in Global Exploration

18. Africa (146 Western Australian companies)

19. Central Asia

20. Latin America

21. Western Australia: Driving Innovation in Resource Sector

22. Global Resource Hub

24. A stimulus for applied research relevant to exploration

25. Complete coverage of WA by 400 metre line spacing airborne magnetic and radiometric surveys

26. Major gravity surveys and deep seismic lines

29. All vital nodes in global supply chain logistics

30. Port Hedland world’s largest bulk commodity port by volume

31. All ports are planning major expansion

32. Maritime transport carries 99% of Australian trade by volumeSite for proposed Oakajee Port

33. Infrastructure: Oakajee Port, Rail and Industrial Estate: A$10 Billion+ Project “the single most important project for Western Australia’s economic development over the next 50 years” Premier Barnett, March 2009

34. Infrastructure: Anketell and Ashburton North Anketell Port and Ashburton North are major new port and transport corridors with strategic industrial estates Anketell: a multi-user, multi-commodity, deepwater port and associated strategic industrial area to export predominantly iron ore from the Pilbara Ashburton: a multi-user port and strategic industrial area will accommodate LNG, hydrocarbon based processing and natural gas processing ● Anketell ● Ashburton North

36. Departments of Mines & Petroleum and State Development

37. Streamlined development approval processes

38. Targeted major resource projects and related infrastructure

39. Oakajee, Browse, Pilbara Cities

40. Overturned legislation that prevented uranium mining

41. Introduced $80 million Exploration Incentive Scheme

42. Review of local content policies in the resource sector

44. City with the most Initial Public Offerings (IPO’s) in Australia

46. Shell, Chevron, ExxonMobil, ConocoPhillips, ENI, Total

47. GE Oil & Gas, IBM, BAE, Halliburton, SGS, Fenner Dunlop, Sandvik, Mitsubishi

49. Gateway to Indian Ocean Rim (ASEAN, India, Middle East, Africa)

50. Global centre for one of the world’s most diversified resource jurisdictions

51. Only Australian city connected to UK/Europe during business hours

53. Significant active presence in Australasia, UK/Europe, Asia, Africa, the Americas

54. CSIRO national research centres for Minerals and Petroleum

55. Five internationally focussed universities (education, training, R&D)

56. Cross fertilisation of ideas and projects across our global mining and energy sectors

58. Ranked #21 of 221 cities in the Mercer Quality of Living Survey

59. Confidence: business investment increasing by 17.5% per annum

60. Lonely Planet included South West in top ten regions to visit in 2009/10

61. UN global ‘hot spot’ for South West flora and fauna