Economic Geology
Cainozoic sand dune systems are locally being mined for mineral sands, mainly rutile (a source of titanium ) and zircon, by Iluka Resources and other companies. Some of these mines are controversial for environmental reasons.
Various formations from Cainozoic to Jurassic age are economically significant freshwater aquifers. Younger aquifers are an important suppliant to reservoir water in the city of Perth and elsewhere. The Yarragadee Formation, one of the thickest formations in the basin, is a very good aquifer in the southern part of the basin.
The Perth Basin contains Permian and Jurassic coal measures, the most important being mined primarily for electricity generation in the Collie Sub-basin at Collie in the south-west of the state.
The Perth Basin is also prospective for natural gas and oil, with recent exploration wells, including Origin Energy/Arc Energy's Hovea 2, confirming large resources of natural gas, but difficult reservoir geology and characteristics have prevented the full utilisation of these energy reserves. The oil is sourced from the Kockatea Shale.
Currently, a junior minerals exploration company is exploring the basin north of Perth for glauconite to produce potash fertilizer.
Read more about this topic: Perth Basin
Famous quotes containing the word economic:
“The economic dependence of woman and her apparently indestructible illusion that marriage will release her from loneliness and work and worry are potent factors in immunizing her from common sense in dealing with men at work.”
—Mary Barnett Gilson (1877–?)