Mining Industry in Australia

Running head: MINING INDUSTRY IN AUSTRALIA
MINING INDUSTRY IN AUSTRALIA
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Executive summary
The paper deals in the study of Australian mining sector. The sector has effectively increased its
output and profit level in the past few years due to attainment of comparative advantage that
helps in product development. The mining sector accounts as one of the most efficient sector as
it exports huge amounts of mined products in the foreign countries. However, foreign demand
for Australia’s mining products is going down that will effectively lower the level of economic
profit of Australia. A concluding paragraph is added at the end which proposes how markets and
changes had affected the mining sector.

Table of Contents
Introduction......................................................................................................................................4
Market Description..........................................................................................................................4
Changes in market condition and their impacts...............................................................................7
Conclusion.......................................................................................................................................9
Reference List................................................................................................................................11

Introduction
Change in market conditions can lead to a change in the overall operation in the economy that
can enhance quality growth or slow the economic growth as per the change. Industrial changes
can have a huge impact on the overall development as they contribute to the aggregate level of
GDP and qualitative growth. Such an industry is the mining industry of Australia that has been
growing since 1850’s (Ambrose 2020).
The mining industry has been a primary contributor of export income in Australia. It
gives great employment opportunities to people and drives excessive growth for Australia.
Booms in the mining industry has caused growth in population due to the immigration of large
number of people to Australia. Gold rushes has been exported in bulk amounts that has
subsequently led to economic growth. However, there has been several problems in the mining
industry due to inefficient sustainability due to production of wide range of goods that emit
harmful substances (Ambrose 2020). The aim of the paper is to analyze the changes being made
in the mining industry and its impact in the growth and development of Australia.
Market Description
Mining serves as one of the most successful business in austral that has provide positive
growth and provided Australia with wide range of opportunities that is crucial for organizational
development. Mining provided export earnings to Australian colonies and helped in the growth
of colonial economies (Pearce et al. 2018). Copper and silver were exacted in South Australia
that led to the exportation of ore. Several skilled miners and smelters immigrated to Australia
during the 1940s. Since then the sector has been growing and deriving income from the export
earnings. Australia serves as the largest exporter of zinc, diamonds, coal, lead, iron ore and
zirconium. Australia is renowned as the third largest exporter of aluminum in the world. The
mining industry mines other metals that has a huge demand in the market. The market conditions