Trends in Down Under

Overview of the mining industry in Australia

Summary: Australia‘s economic development is remarkably positive in comparison to other OECD countries. The mining industry, characterised by the exploitation of coal, iron ore, gold and diamonds as well as such base metals as copper, plays a leading role in this development. In Australia the world‘s biggest mining companies are active: BHP Billiton, Rio Tinto, Xstrata, Anglo American, Vale, Barrick Gold and many others. What is special about Australia, who are the most important mining companies, how are mineral pro­duction figures developing and what export results are achieved? The following report provides numerous answers.

1 Mining as an economic factor

Australia has only 22.4 million inhabitants. At the beginning of 2010, the number of persons in employment was 11 million and the per capita income was above US$ 45 000, which exceeds the average figure in Europe. The country‘s gross national product puts it in 15th place worldwide. Australia came through the global economic crisis better than any other OECD country. Fig. 1 shows the development of real economic growth in comparison to other OECD countries. In 2009 Australia was the only country to achieve a significant growth, with 1.3 %. The mining industry made...

Related articles:

Issue 12/2011

Iron ore mining in Australia

Wirtgen Surface miners are main mining equipment

Cut costs; improve product quality – the advantages of selective mining The mining industry is the key driver of economic growth. Conventional mining methods involving drilling and blasting were...

Issue 06/2015 Australia’s mining industry in the doldrums

New realities

Australia’s mining industry in the doldrums

1?Raw materials forecasts and price decline An explanation of the global demand for raw materials is usually based on a growing world population, global urbanization and rising per capita incomes. In...

Issue 10/2011


Canada’s mining industry experiencing an upswing

1 Introduction In comparison with the Euro countries, Canada’s economy suffered little damage during the recent global economic crisis. The average real economic growth was 2.1?% between 2000 and...

Issue 11/2018 Trend reversal

Metal ore mining in Europe

1??? Introduction It‘s been over 150 years since Europe dominated the mining industry. Measured by the production of metal ores, Europe still accounted for 62?% of world revenues in 1860. However,...

Issue 05/2012

Appetite for commodities

What will become of China?

1 Introduction In March, the Chinese government reduced its growth forecast for the current year to 7.5 %. This is the lowest figure in the last 10 years. This year China is confronted by a...