Western Australia – The Golden Era

Kuuwa golden perfect storm

We’ve all seen them down at the beach in the height of summer with the bucket hats, vests with a million pockets and ankle boots buzzing around the sand looking for treasure while we are stripped down soaking up the sun.

While many of us are no doubt guilty of having a giggle at this scene down at Cottesloe it is fast become a popular past time in the Goldfields at the moment and local stores hiring out metal detectors are far from laughing.

With borders still closed and the Government encouraging us to ‘Wander out Yonder’ in our great state, people are thinking up new ways to explore at home.

There might be more to it than just the new experience as gold prices have hit a record high this year. Prices have reached over $2,800 AUD an ounce this year. We have not seen prices like this since 2011.  

Source – https://goldprice.org   

So perhaps when dad suggests the kids go searching for treasure, he isn’t far wrong!

The high gold prices aren’t only great for amateur gold hunters and mines currently in operation but for many that stopped production when the gold price was too low to sustain and are now expected to be brought back to life.

To top it off, there is also a new Top-10 global gold major on the block with Northern Star and Saracen merger this week. This will also see Kalgoorlie ‘Golden Mile’ consolidated under one owner for the first time in its 125+ year history.  

So good news for those selling gold, what about the rest of us?

You don’t have to be on site or digging around in the bush to cash in. You could dabble in the ASX but sadly this is where our advice stops on that front.

What we are most excited about is what this means for local communities.

With successful mines comes jobs and infrastructure. The Labor Government led its campaign with Jobs for Locals and now partly because of COVID that isn’t even really a choice but a necessity.

But how will that go? We wrote last year about the skill shortage we were facing and that was before all hell let lose!

BHP has already said it will preference West Australians over interstate FIFO workers to mitigate difficulties with WA’s hard border.

Karratha has done a lot of work to attract not only mine workers but whole families to the area. This will attract some skilled workers who would otherwise be put off by the FIFO lifestyle.  

We have no clear indication as to when the WA border will open but we do know that 2020 Diggers and Dealers will be a massive one next week in Kalgoorlie as we are still allowed to ‘Wander out Yonder’ in WA after all.

We will keep watching this space as gold in WA goes from strength to strength.

Kuuwa Becomes Supply Nation Registered

Kuuwa Rentals becomes Supply Nation’s newest member. Kuuwa Rentals launched on March 28, 2019 and received confirmation of Supply Nation registration on March 29, 2019.

The Supply Nation register is the largest register for indigenous businesses and corporations in Australia.

Kuuwa Rentals is a proudly indigenous business that returns profits into research, programs and projects that benefit indigenous people and their communities through charities and foundations that align with Kuuwa Rentals values.

Kuuwa intents to play a crucial part in mining business’s Reconciliation Action Plans to ensure they achieve their framework targets through Reflect, Innovate, Stretch and finally to the Elevate stage. Being a Supply Nation Member gives Kuuwa the credibility and network to successfully achieve that.

This is the first step for Kuuwa becoming more involved in Supply Nation activities.

Quotes attributed to Wes Chapman, Kuuwa General Manager

“It was really important to us to become Supply Nation certified as soon as we could, we are extremely proud of our indigenous connection and what we can deliver back to the community.”

 “Being part of the Supply Nation network gives our clients confidence that they are working with indigenous businesses.”

Mine Services to Breakfast Services

Each morning at 7am, Warren Cross – lead Thalanyji Foundation Breakfast Club Mentor- is ready and waiting for Onslow school kids to come in for breakfast before sending them off to school across the road. Without Warren and the Breakfast Club many of these children would miss out on the most important meal of the day and that extra encouragement to go to school. 

The Breakfast Club, delivered by Thalanyji Foundation, has gone from strength to strength since its inception last year. In February 112 breakfasts were delivered and by March that number nearly doubled to 202.

Aside the obvious benefits of a full stomach at school. Higher concentration and reduced disturbance the Onslow Primary School Deputy Principal, Joel Yates, also noted that attendance was up on this time last year due to the Breakfast Club.

Kuuwa Rentals is dedicated to supporting the next generation and ensuring they are able to take advantage of all opportunities. The Breakfast Club creates motivation and encouragement for school children to not only attend school but to actively participate.

Quotes attributed to Wes Chapman, Kuuwa General Manager

‘By supporting the Breakfast Club program, and in turn improving school attendance rates, we are encouraging the children to take advantage of the education available to them.’

“We know education also keeps culture strong and enables future generations to share stories about their community, culture and kinship.”

To find out more about Indigenous engagement click here.

Kuuwa Sponsors WA Mining Club

Kuuwa Rentals were proud to sponsor the March 2019 WA Mining Club lunch at the Hyatt, Perth.

We heard from WA’s very own ‘mining influencer’ Dan Lougher, Western Areas CEO, on why nickel isn’t so fickle. It’s an exciting time for nickel. EVs are driving the commodity surge. Couple this with traditional forces such as demand growth and low stocks and we see why there is an accelerated increase for the shiny star.

It was also the launch of STEM unitED which is a great new initiative set to reach up to 6000 students this year with the aim to promote the use of digital technology and develop the skills required by emerging STEM jobs.