Abstract

In 2002, Australia's economic demonstrated resources (EDR) of bauxite, diamond, gold, iron and manganese ore, lithium, tin, tungsten and uranium increased, while those of black coal, ilmenite, tantalum, cadmium, zinc and vanadium decreased. EDR of brown coal, cobalt, lead, magnesite, rutile, zircon, nickel, niobium, phosphate, shale oil and silver remained at levels similar to those reported in 2002. The reductions in EDR were due mainly to production, with low commodity prices a subsidiary factor. Australia's EDR of base metals (zinc, lead, silver) nickel, mineral sands and uranium remain the world's largest, while bauxite, black coal, brown coal, cobalt, copper, gold, iron ore, lithium, manganese ore, rare earth oxides and gem/near gem diamond rank in the top six worldwide. Strong growth in gold prices in 2002 contributed to an increase in its EDR. The duration of gold's EDR (20 years at current production rates), however, signals the need for ongoing successful exploration in the short and medium term for this commodity, which is currently Australia's third largest export commodity. Similarly, there is a need for significant new discoveries of base metals to produce these commodities at current output levels beyond the next 20 to 25 years. Australian mineral exploration expenditure fell by 6% to $640.5 million in 2001-02, the lowest financial year current dollar amount since 1992-93. Spending for the calendar year, however, rose by $13.8 million (2%) to $678.2 million. A world survey of exploration budgets for 2002 by the Metals Economics Group saw Australia displaced by Canada as the world's leading exploration destination. In response to the low levels of exploration expenditure, industry and governments initiated studies to examine the economic implications of the downturn and ways at building industry recovery, including policy measures that may facilitate future mineral exploration activity in Australia.
Google map showing geographic bounding box with values North bound -9.0 East bound 156.0 West bound 110.0 South bound -44.0
Downloads
Related Links
For information on acquiring this product,
please contact the Geoscience Australia Sales Centre via:

fax:
+61 2 6249 9960; or
phone:
1800 800 173 (within Australia);
 
+61 2 6249 9966 (outside Australia).

Please note that support hours are 9 am to 5 pm weekdays

Product Type/Sub Type

dataset - GA Publication - Report

Constraints

license
Creative Commons Attribution 3.0 Australia Licence

IP Owner

Commonwealth of Australia (Geoscience Australia)

Author(s)

Date (publication)

2003

Product Type

dataset

Topic Category

geoscientificInformation

Keywords

GA Publication
Report
mineral exploration
mineral deposits
commodities
resource assessment
Earth Sciences

Resource Language

English

Resource Character Set

utf8

Resource Security Classification

unclassified

Geographic Extent

North bound
-9.0
East bound
156.0
West bound
110.0
South bound
-44.0

Lineage

Unknown

Digital Transfer Options

onLine

DISTRIBUTION Format

pdf

Distributor

Role
distributor
Organisation Name
Geoscience Australia
City
Canberra
Administrative Area
ACT
Postal Code
2601
Country
Australia
Email Address

Metadata File Identifier

a05f7892-c105-7506-e044-00144fdd4fa6

Metadata Standard Name

ANZLIC Metadata Profile: An Australian/New Zealand Profile of AS/NZS ISO 19115:2005, Geographic information - Metadata

Metadata Standard Version

1.1

Metadata Date Stamp

2004-03-08

METADATA SECURITY CLASSIFICATION

unclassified

Metadata Contact

Role
pointOfContact
Organisation Name
Geoscience Australia
City
Canberra
Administrative Area
ACT
Postal Code
2601
Country
Australia
Email Address
Downloads
Related Links
For information on acquiring this product,
please contact the Geoscience Australia Sales Centre via:

fax:
+61 2 6249 9960; or
phone:
1800 800 173 (within Australia);
 
+61 2 6249 9966 (outside Australia).

Please note that support hours are 9 am to 5 pm weekdays