investor ready reckoner australian mining · key outputs zinc, gold, manganese western australia...

January 2020

Key contacts

minerals.org.au

Austrade www.austrade.gov.au

Geoscience Australia www.ga.gov.au

Minerals Council of Australia Email. [email protected]

INVESTOR SERIES

Australian miningIndustry snapshot

Mining contribution: State by state

South Australia

Resources jobs 11,400

Economic value $3.2 b

Share of economy 3.0%

Exploration $85m

Key outputs Copper, uranium

New South Wales


Economic value $18.4b


Exploration $252m

Key outputs Coal, gold, copper

Tasmania




Exploration $19m

Key outputs Tin, iron ore

Queensland




Exploration $314m

Key outputs Coal, copper, bauxite

Northern Territory




Exploration $132m

Key outputs Zinc, gold, manganese

Western Australia




Exploration $1440m

Key outputs Iron ore, gold, lithium

Victoria




Exploration $102m

Key outputs Gold, coal, antimony

Reasons to invest in AustraliaReputable, reliable supplier of global minerals & metalsAustralia is a proven source for mineral and energy commodities. It is already the world’s largest producer of iron ore, bauxite and lithium and will be a low-risk supplier of critical commodities to global supply chains.

Highly skilled, experienced mining workforceContinued investment in developing human capital through tertiary education and vocational training has delivered a highly skilled and productive mining workforce that is ready to deliver the mines of the future.

Established, reliable mining services & supply chainsAustralian mining is already well supported by an established network of equipment, technology and services providers that supply the essential inputs for the planning, building, operating and closure of mines.

World leader in sustainable mining & mine safetySafe and sustainably sourced minerals are an increasingly important consideration in many global supply chains. Australia’s minerals industry is proud to be at the forefront of global safety and sustainable development practice.

Extensive geoscience data setsAustralia has significant exploration potential. To support further investment, governments have undertaken extensive preliminary survey work across the country and provided public access to the data.

Supportive and stable state & federal government policyAustralia has consistently rated highly in the Fraser Institute’s world rankings of mineral provinces for its supportive resources policies, political stability and openness to international investment.

An investment destination for downstream processingAustralia produces all of the minerals that support modern economies. Australia can also produce downstream refined products in a sustainable way, reducing shipping costs and enhancing supply chain security.

Established infrastructure across the countryWhile many of Australia’s mineral deposits are in regional areas, substantial government and private sector investment in transport, electricity and water infrastructure supports the development of mining operations.

Australia’s minerals are helping to build a sustainable future

Wind Solar (PV) CCS Nuclear Electric vehicles Battery storage

Aluminium

Coal

Cobalt

Copper

Graphite

Iron ore

Lithium

Manganese

Mineral sands

Rare earths

Silver

Nickel

Silicon

Uranium

Vanadium

Zinc

READY RECKONER

Australia’s resources sector has underpinned rising incomes and prosperity for decades. It is the nation’s largest source of export revenue, provides high-paid jobs for 240,000 people and pays billions of dollars to governments each year in taxes and royalties that pay for new roads, schools and hospitals.The industry is able to deliver these benefits because it is a global leader in technological innovation and one of the most productive resources industries in the world.

Australia is the global leader in the export of minerals and metals

More than just a driver of economic growth in Australia, the industry is also an essential part of global supply chains. It helps create the transportation networks, clean energy systems and hi-tech products that lift the living standards of billions of people around the world.And the industry meets the world’s growing demand for steel, energy and critical minerals with an unwavering commitment to sustainability, community engagement, rehabilitation and greenhouse gas reduction.

Mining has the highest wages of any industry in Australia – 61 per cent higher than the national average.

Source: ABS

Source: ABS

10%Australia’s shareGlobal minerals and metals export revenue share in 2018.

US$134bExport revenueAustralia’s minerals and metals export earnings in 2018.

Top exporterAustralia is the world’s largest exporter of minerals and metals.

NO1

Source: UNCTAD

Australia exports more metals and minerals than any other country.

CobaltElectric carsGrid batteriesJet enginesSmart phones

AntimonyFire retardantSemi conductorsCable sheathingBatteries

ManganeseWind turbines Grid batteriesElectric carsRailway tracks

Rare earthsHealth careDefence systemsWind turbinesSmart phones

Low carbon energy & advanced tech will increasingly rely on minerals sustainably mined in Australia.

INVESTOR SERIES

Australia’s resources sector has underpinned rising living standards and prosperity for decades. Now it is helping to build the electric vehicles, advanced tech and clean energy for a more sustainable future.

Gold

Volume 10,070 t

World rank 1

Bauxite

Volume 6051 Mt

World rank 2

Iron ore

Volume 47,987 Mt

World rank 1

Cobalt

Volume 1222 Mt

World rank 2

Nickel

Volume 19 Mt

World rank 1

Copper

Volume 87 Mt

World rank 2

Uranium

Volume 1290 kt

World rank 1

Lithium

Volume 2803 kt

World rank 3

Coal

Volume 72,571 Mt

World rank 4

Zinc

Volume 67 Mt

World rank 1

Mineral sands Rutile

Volume 32.9 Mt

World rank 1

Mineral sands Ilmenite

Volume 276 Mt

World rank 2

Economically demonstrated resourcesSource: Geoscience Australia

Australian miningminerals.org.au

240kJobsDirect employment in the resources industry.19%

Driver of growthMining has accounted for 19 per cent of Australia’s GDP growth since 2008-09.

3.7%WaterMining’s share of Australia’s water use.

15%Economic contributionMining and METS direct and indirect contribution to GDP.$290b

Export earningsAustralia’s total resources export earnings in 2019.

59%Total exports Resources share of export revenue in 2019.

$2.3bExploration Minerals exploration expenditure in 2018-19.

$141kAverage wagesAverage annual wages in the mining industry in 2018-19.

$234bInvestmentMining capex in Australia over the past ten years. <0.1%

Land useProportion of the Australian land mass used by mining.

$243billion13 years of royalties & company taxThat’s enough to build more than 9500 schools or 340 hospitals in Australia.

Source: ABS, Deloitte Access Economics.

Mineral sandsAerospace MRI scansNuclear energyCar paint

NickelSurgical toolsEV batteriesFood processingHydrogen fuel cell

SilverSolar panelsDental workWater purificationAnti-bacterial

UraniumNuclear energyRadiologyDesalinationSubmarines

ZincBridgesMedicationHousesGrid batteries

GoldSmart phonesHi-tech healthInvestmentAerospace

CopperElectronics Energy networkPublic transportElectric cars

AluminiumWhitegoodsFood packagingTransportationWind turbines

LithiumElectric carsSmart phonesLaptopsPacemakers

Iron ore Coal Gold Bauxite Copper Uranium

Tech metals†

Mineral sands Diamonds

Operating minesSource: Geoscience Australia

† Tech metals refers to minerals critical for electronics and batteries (i.e. lithium, rare earths, nickel, cobalt, zinc, manganese, tin and silver).

Note: Approximate mine locations shown. Please contact companies for more information.

Perth

Brisbane

Sydney

Melbourne

Canberra

Hobart

Darwin

Adelaide

In a single year...Australia’s iron ore sector exports 3 times the volume of material removed to build the Panama Canal.

investor ready reckoner australian mining · key outputs zinc, gold, manganese western australia...

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