Analysis of Australian Mining Industry.

Running head: Analysis of Australian Mining Industry
Analysis of Australian Mining Industry
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Analysis of Australian Mining Industry1
Executive Summary
The report discussed about the mining industry in Australia along with its importance in the
economy of the country. It has been discussed in the report that how significantly the industry
influences the economy of the country. A detailed discussion has been made regarding the
market structure of the industry and impact of resource boom on it. Apart from that the issues
related to the industry has been discussed and policies that might help the adverse condition of
the industry have been explained.

Analysis of Australian Mining Industry2
Table of Contents
Introduction......................................................................................................................................3
Background......................................................................................................................................3
Market structure...............................................................................................................................6
Resource boom................................................................................................................................6
Associated issues of the mining industry.........................................................................................8
Impact of the issues on the economy...............................................................................................8
Policy suggestions...........................................................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................11

Analysis of Australian Mining Industry3
Introduction
Australia is comprised of many industries on which it depends for it economic
development. The major industries in Australia are banking industry, agricultural industry, retail
industry, mining industry, dairy industry and real estate industry. All these industries contribute
significantly in the economy of the country, however in this report the emphasis is gjven on the
mining industry, one of the oldest among the industries in Australia. The report discusses the
various aspect of the industry and discusses in detail the issues of the industry with special focus
on the resource boom in the mining industry in Australia during 2003 to 2016. The mining
industry is spread all of the country occupying around 0.1% land which is dedicated only for the
industry. Furthermore, 0.7% land is engaged in mining under lease and 0.02% is influenced
directly by the mining industry. Major products of Australian Mining Industry include zinc,
uranium, coal, copper, natural gas, thermal coal, diamond, gold, silver, petrol, iron ore,
aluminium and nickel. The report further discusses the policies that are effective to improve the
mining industry and mitigate the issues of the industry. Thus, the report pertains to the overall
analysis of the mining industry in Australia.
Background
Mining industry is one of the largest industries in Australia that contributes hugely in the
economy of the country. The industry contributes about 7% of GDP to the economy of Australia
(Globaltenders.com 2019). Thus, the vastness of the industry is evident from the contribution it
makes to the country. The industry emerged in the mid-19th century during the period of Gold
Rush. Mining product of Australia holds crucial position in the export industry of the country. Of
the entire commodity export, mining industry holds around 60% of the volume exported under
commodity category (Export.gov 2019). Remaining produce of the industry is consumed