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ARTICLE · 18 AUGUST 2010

Mining: The Regulation of Exploration & Extraction:

Gadens Lawyers
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The mining industry is one of Australia's most important export sectors and makes a significant economic and social contribution to the Australian economy. Mining and minerals activity currently comprises 8 per cent of the Australian economy and 40 per cent of exports.

AustraliaEnergy and Natural Resources
Kym Livesley
Kym Livesley

Mining industry

1 What is the nature and importance of the mining industry?

The mining industry is one of Australia's most important export sectors and makes a significant economic and social contribution to the Australian economy. Mining and minerals activity currently comprises 8 per cent of the Australian economy and 40 per cent of exports. The mineral and minerals processing sector has contributed over A$500 billion directly to Australia's wealth over the past two decades, supporting more than 320,000 Australians.

Australia currently has one of the largest mineral sectors by value of production in the world. The Australian mining industry has benefited from a global boom in demand for minerals in recent years, and is expanding, as a result of a high demand for raw materials from China and other parts of Asia. Australia has the world's largest reserves of lead, nickel, uranium and zinc. It is the world's leading producer of bauxite, alumina and diamond (by

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