Income generated by the mining sector plays a significant role, accounting for 6% of Australia’s GDP in 2012.
The value of the mining sector was close to US$82 billion out of US$1.367 trillion in 2012. Only 2-3% of the total Australian labour force is employed directly in mining and mining related services.
During the last couple of decades, Australian mining booms have caused an increase in immigration to Australia. This trend ended in mid-2012 when the Australian mining industry started to downsize in some sections.
However, the large amount of discovered mineral resources around the country and the high ranking in terms of production proves that the mining industry in Australia is still one of the largest mining industries in the world.
Australia ranks in the top three for global resources of bauxite, copper, diamond, gold, iron ore, lithium, lead, mineral sands, nickel, silver, tantalum, uranium and zinc.
The following table illustrates Australia’s production and resource of major mineral commodities compared to the world.
Australian’s Economic Demonstrated Resources (EDR) and Production of Major Minerals and World Figures
The two following graphs demonstrates economic resource base and mine production for iron ore and base metals.
R2Mining and CostMine provide: The Australian Metal Cost Guide (AMCG) and Australian Coal Cost Guide (ACCG). They include information on mining cost models, labour costs, mining cost indices, equipment capital costs, supplies, mining taxes, electric power, natural gas, transportation and smelting.
These guides can be purchased from R2Mining or CostMine. Contact us: +61 (7) 3365-5866 or [email protected].