Australian Mining Industry

By: EconomyWatch   Date: 30 June 2010

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Australian mining industry encompasses all activities and services from exploration of mineral resources to the processing and transportation of minerals. The components of this big mining industry are miners, drilling companies, geological scientists, mining consultants, heavy equipments and machineries for mine plant, analysts, accountants, financiers, share brokers, etc.

Australian mining industry resources

Australia mining industry has a rich source of mineral, specifically of fossil fuels. Australian mining industry can be regarded as the world's leading source of minerals like bauxite, lead, zinc, iron ore, silver, uranium, diamonds etc. The economy of Australia is closely dependent on its mining industry. It has been a major contributor to Australia's economy and infrastructure. It is the provider of nation's basic industrial requirements and is regarded as the major earner in terms of export of products.Australian mining industry is mostly controlled by private sectors. The Government of Australia enforces some laws for carrying out business on mining industries. The companies need to maintain those laws, although the mining industry is economically controlled by these companies.

Historical overview of Australian mining industry

Australian mining industry started to prosper from the early years of twentieth century. In the mid of 1920 this industry prospered the most , specifically in the field of coal mines. But during 1930, Australian mining industry could not able to contribute a major portion of the overall economy of the country.

Essential components of Australian mining industry

Australian mining industry constitute components like mineworkers, engineering and machinery suppliers and transport facilities. Transportation include activities like shifting minerals to the desired location, shifting products to the ports for exporting purposes etc. The overall economy of the Australian mining industry is largely dependent on this transportation.

Environmental factors responsible behind the growth of Australian mining industry:

The government of Australia enforces some laws regarding environmental protection issues, as mining activities can cause several health hazards to the people involved in mining industry, specifically to the miners.


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