Australian Mining Industry
7 Fast Facts about the Australian Mining Industry

The Australian mining industry is the pillar of the Australian economy. Yes, we are the world’s largest producer of the key mineral commodities.

And there are 80% of the country’s mineral yet to be explored in Western Australia, South Australia and Queensland, and other regions! 

Interesting? Read more.

  • 1.2 million workers in the industry
  • Average of $50B in the annual earrings
  • Average of $160B net worth of resources exports

Mining in Western Australia

Western Australia (WA) is the epicentre of Australian mining and a major player in the international mining industry. It hosts a huge amount of high-grade resources and some of the largest mines in the country.

WA is the world’s largest iron ore supplier, with multiple iron ore projects, especially in the Pilbara region in the north of the state.

New mineral exploration is constantly underway in WA with a new spotlight on lithium and vanadium to meet with the growing demand of green energy alternatives and new battery technologies.

  1. Fast facts:

WA is ranked by the Fraser Institute as the top region in the world for mining investment.

The state hosts 98 per cent of Australia’s iron ore.

Approximately 60 per cent of Australia’s gold reserves can be found in WA.

The sector directly employs more than 20,000 people.

Mining in South Australia

South Australia (SA) exports many important commodities to the world including copper, uranium and zircon. The state is ranked as one of the most attractive regions globally for mining investment.

  1. Fast facts:

BHP’s Olympic Dam is Australia’s largest mine and the world’s largest single deposit of uranium.

Iluka’s Jacinth-Ambrosia in SA is the largest zircon mine in the world.

SA hosts 25% of Australia’s gold resources.

The resources industry directly employs more than 10,000 people.

Mining in Queensland

Queensland (QLD) is a major mining state, with many of Australia’s coal mines located in the Bowen Basin. QLD is also the world’s largest supplier of silver.  

Growing demand in the state has led to new exploration and projects found in the north west and east with a focus on creating jobs for the future. The QLD mining sector is well-poised to be an important player in strategic and critical minerals, including those used in new technologies such as electric vehicles.

  1. Fast facts:

The mining sector provides more than 50,000 jobs for QLD.

In 2018-19, mining contributed nearly $75 billion to the state economy.

Despite its huge contribution, the sector takes up only 0.1% of QLD’s land surface area.

QLD hosts some of the highest grade graphite in the world, as well as the world’s highest grade rhenium deposit.

Mining in Victoria

Victoria (VIC) has played a huge part in Australian mining history and is still providing exciting potential for mineral exploration today. VIC is known for producing gold, antimony and brown coal.

VIC is home to large mining companies including an innovative mining equipment and technology sector (METS).

  1. Fast facts:

Mining contributes more than $13 billion to the state’s economy and creates 121,000 jobs.

In 1851, gold was discovered in Ballarat, starting the gold rush that made Melbourne one of the richest cities in the world.

Melbourne-based firms accounted for 65% of the Australian Stock Exchange 100 (ASX100) mining stock in 2018.

Mining in New South Wales

New South Wales (NSW) is rich in minerals such as coal, gold, copper, silver, lead and zinc, cobalt and lithium. Major coal deposits are found in the Sydney-Gunnedah Basin. The Cowal open pit gold mine in the Central Western Plains region is the biggest mine in NSW.

NSW has many projects in the pipeline that, once underway, will significantly boost the state’s economic and employment performance.

  1. Fast facts:

Mining in NSW offers 40,000 jobs across the state.

Mining provides almost $2 billion worth of royalties to the state government.

Newcastle exports 160 million tonnes of coking coal per year and is the world’s largest coal export port.

Mining in Tasmania

Tasmania (TAS) has been a significant mineral producer for over a century and boosts strong geological diversity. TAS hosts iron, copper, lead, zinc, tin, high-grade silica and tungsten.

The main three mining operations in TAS are Rosebery, Savage River and the Renison Joint Venture.

  1. Fast facts:

In 2016-17, the resources sector produced $1.8 billion worth of value to the state.

The Renison mine on the West Coast of TAS is Australia’s largest tin deposit.

Mining in the Northern Territory

The Northern Territory (NT) is rich in world class minerals including, zinc, copper, lead, tungsten, lithium, vanadium, phosphate and potash, gold and uranium. There are currently seven high-quality mines operating.

Being located so close to Asia, the port at Darwin gives the NT a geographical advantage for minerals exports and strong relations with major markets in China, Korea, Japan and India.

  1. Fast facts:

NT’s mining and manufacturing industry is valued at more than $4 billion.

Groote Eylandt, in the Gulf of Carpentaria, hosts the world’s largest manganese mine.

One-third of Australia’s known uranium reserves can be found in the NT.

Is it time to get the job you want with the qualifications you need? Contact us and find out how we can help you today!

Trade Skills Australia_Banner Check Logo V1.2-01