Australia's mineral resources maintain export status
21 December 2009
Despite the turmoil experienced in many sectors of the Australian economy during the past year, the latest publication on Australia's mining industry, Australia's Identified Mineral Resources 2009, reveals that the industry continues to hold the potential to remain Australia's most important export earner for the foreseeable future.
Compiled by Geoscience Australia from information gathered from the mining and mineral processing industries, the review shows that Australia has the world's largest resources of mineral sands (rutile and zircon), nickel, silver, uranium, zinc, lead and brown coal.
It also ranks in the top six worldwide in identified resources of bauxite, black coal, copper, gold, iron ore, industrial diamond, ilmenite, lithium, manganese ore, niobium, tantalum and vanadium.
The report shows that during 2008, Australia's economic demonstrated resources of most mineral commodities increased as a result of the discovery of new deposits as well as on-going drilling and re-assessment of known deposits by the minerals industry.
Australia's Identified Mineral Resources 2009, is available as a free download and other fundamental data on the minerals sector can be obtained from the Australian Atlas of Mineral Resources, Mines and Processing Centres.
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