With resources accounting for more than half Australia’s total export earnings, it is clear that the minerals industry is important to economic prosperity.
Trade data from AUS Bureau of Statistics has confirmed importance of the mining industry to Australian economy and continuing benefits of the mining boom.
Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.
Aussie miners paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties – the second-highest tax ratio recorded since the survey began nine years ago.
The Minerals Council of Australia is launching a research project to identify opportunities for Australia to boost mining and mining services exports and outward mining investment in Asia.
The Australian coal industry has launched a new coal advertising campaign – Coal: Making the future possible – that highlights the important role coal will play in the world’s future energy mix while reducing emissions.
The Report confirms that Australia remains the world’s largest coal exporter, contributing more than $40 billion to the national economy.
Statement from Minerals Council of Australia
The figures demonstrate that developing nations in South East Asia require high quality coal to meet increased electricity demand, powered by the growing urbanization of the population.
There is cause for optimism in the resource and mining sector with export values forecast to increase by 35 per cent by 2020-21, according to the Department of Industry, Innovation and Science’s Resources and Energy Quarterly released today.
Despite tougher market conditions, Australian miners have continued to drive record export volumes.
The Minerals Council of Australia has today released a new publication The Whole Story that details the contribution that Australia’s mining industry makes to communities across Australia.
A new report by the International Energy Agency (IEA) – Clean Coal Centre - has detailed the changing electricity generation landscape in the rapidly growing countries of South and East Asia.
Japan has been a long-standing market for Australian uranium exports, providing around one-third of their total uranium supply, valued at around $250 million.