Industry Analysis & Industry Trends
Australia has a large supply of mineral, hydrocarbon and non-mineral reserves, which the Mining division extracts, processes and sells. These reserves are often of a high quality and close to the earth's surface, enabling Australia's Mining division to be price-competitive on a global scale. The division is export-oriented, with exports expected to account for over two-thirds of revenue in 2016-17. Division exports are projected to account for around three-quarters of revenue by 2021-22, on the back of a forecast increase in natural gas exports.
The division's performance depends on pricing, the value of the Australian dollar, and global trends in supply and demand for commodities. As new supply takes years to develop, division operations are generally cyclical... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Mining division is currently in a decline phase of its economic life cycle, following commodity pricing falls only partly offset increased investment to expand production. Despite major yearly fluctuations, the Mining division's share of total economic output is projected to remain largely stable in the decade through 2021-22. Over these years, the division's value added (the contribution to national GDP) is expected to decrease at a compound annual rate of 1.0%. This is in contrast to the projected compound annual growth rate of Australia's national GDP growth of 2.6% over the same period. This indicates that the Mining division's contribution to the overall economy is decreasing... purchase to read more