Trends in Production and Sustainability of Australian Mining Industry

Running head: BUSINESS RESEARCH- LITERATURE REVIEW
Business Research – Literature Review
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1BUSINESS RESEARCH- LITERATURE REVIEW
Table of Contents
Literature Review...........................................................................................................2
Sustainable Development and Sustainability.............................................................2
Local Community and their influence on Sustainability............................................3
Different factors influencing sustainability development in the mining industry......3
Impacts of the mining industry over the environment...............................................4
Rent Theory and theory of Resource Management in the Mining industry...............5
Products of the mining industry and its shift to the rural regions..............................5
What is Responsible Mining?....................................................................................6
Innovation in Mining and the views of different critics.............................................6
What should the mining industry do to maintain sustainability?...............................8
Productivity trends in Mining industry......................................................................8
Reference:....................................................................................................................10

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Literature Review
The mining industry has a long tradition in Australia, however the question of the
sustainability is still a matter of concern and is considered to be a difficult issue. The
research question that this study deals with is the evaluation of the trends in the production
and sustainability of the Australian Mining Industry. The prime research problem is that how
the new production trends in the Australian mining industry helps in the approach of the
sustainability criteria of the industrial sector of mining. The mining industry increases the
economic variability, with the help of the sustainable economic growth. There are a lot of
aspects and issues that are involved in accessing the sustainability of the mining industry.
Sustainable Development and Sustainability
There have been many theories that manyscientists have put forward deal with the
natural resources and the non-renewable nature of the mineral deposits. Mason et.al., (2014)
has discussed one of the exceptional theories about the sustainability in mining industry. He
says that the mineral depletion is associated with the sustainability and the sustainable
development. The researchers who study the mining industry discuss that the deposits of
minerals are limited. There should be constraints of the sustainable development theories so
that there could be limited mineral exploration and the production. This could be only
possible if the production is slowed down and there could be delay in the export quantity of
the mineral products and the mineral selling countries could slow down their selling capacity.
However on the other hand, Eklund (2015), argues that there is no sustainable operation
possible in the mining industry if the mining exploration and the production of the mineral
ores is considered to be exhaustion of the mines. There have been numerous industries who
have joined hands with the mining industries so that there is effective contribution to the
sustainable development. This would strengthen the association between the organisations,

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the industries ,, the society and the environment. According to Brueckner, Durey, and Mayes
(2013), in the recent years there have been a large number of firms have volunteered for the
sustainable development policies so that they could help to minimize the environmental
impacts of the mining as well as improve the social and the economic connections with the
stakeholders. Therefore, according to Lodhia and Hess (2014) there should not be any
perceived notion of sustainable development of the lifetime of mineral resources. It should
also not be considered as an unlimited source of wealth and profitfor a country. Essentially,
the greatest possible way is to eradicate the impacts that the mining has over the environment
in order to make sure that the public is potentially satisfied withother social incidents
Local Community and their influence on Sustainability
As discussed by Higgins, Milne and Van Gramberg (2015) the mining sector in
Australia has successfully created various impacts in the regions of Queensland, Australia.
The sustainability of the mining industry is indeed a question that needs evaluation, since it is
not clear how to increase the positive impacts from the mining within these regions. The
mining industry may be the dominant industry in the Australian local community as it
provides employment in the local community as well as it helps to increase the national
income. However the industry probably doesn’t enjoy the direct linkages to the local
community and its contribution to the sustainable development of the country is not that
sufficient. It depends largely on the resource industry.
Different factors influencing sustainability development in the mining
industry
According to other researchers and their study, the demographic factors of a local
community also influence the sustainability of a mining industry. The studies have showed
that there are differences in opinion of both the male and the female gender, regarding the