Mining in Australia

The Mining extracts, refines, and markets a vast array of mineral, hydrocarbon, and non-mineral reserves from Australia. Due to the high quality and proximity of these reserves to the Earth's surface, Australia's mining is able to offer competitive prices on a global scale. The market is focused on exports; approximately 75% of revenue comes from exports. The revenue has increased as a result of rising global energy prices increasing the value of coal and LNG exports. Over the five years leading up to 2023–2024, revenue is predicted to increase by an annualized 2.0% to $397.5 billion. This does, however, include a predicted 18.6% decline in 2023–2024 as the value of exports of coal, LNG, and lithium decreases due to declining prices.

Over the past ten years, performance has been driven by rising demand from nations like China and India. Some mining companies have switched from finishing expansion projects to portfolio rebalancing and cost-cutting measures. Profit margins have increased as a result of increased output and prices for important product categories like coal, LNG, and iron ore.

The performance of the Mining is significantly impacted by capital investment, trends in global supply, commodity prices, the value of the Australian dollar, and domestic and international demand for commodities. Because it takes years to develop new supply, the operations are typically cyclical. This cycle may take place over a period of more than ten years, depending on the commodity group.