Australia is a leading producer of minerals for the world and produces some 22 minerals in significant amounts from more than 300 operating mines. Minerals are produced in all States and the Northern Territory, except the Australian Capital Territory where there are only quarries used to mine aggregate and other construction materials.
Australia’s largest export is minerals. In 2011, Australia’s energy and mineral commodity export rose to a record A$190 billion, a 15 per cent increase on the previous year signifying continued strong demand for minerals and commodities mainly from China, India, Japan and Korea.
Australia is in the top five mineral producers and has a large inventory of resources of most of the world’s key minerals commodities.
- the world’s leading producer of bauxite, alumina and zircon;
- the second largest producer of gold, iron ore, lead, zinc, lithium and manganese ore;
- the third largest producer of uranium; the fourth largest producer of nickel; and
- the fifth largest producer of aluminum, brown coal, industrial diamond and silver.
Australia also has the largest identified resources of lead, nickel, silver, uranium, zinc and zircon, and the second largest resources of bauxite, copper, gold, iron ore, niobium and tantalum. Australia’s lithium resources are ranked third, and black coal resources ranked fifth in the world.
Having abundant mineral resources, the Australian mining sector offers significant opportunities for investors. If you are interested, please contact us to discuss about these opportunities.