What is mined in Australia?The production of many of Australia’s metal and mining commodities far exceeded domestic consumption. When looking at coal mining for energy use, the production of coal in Australia amounted to over 13 exajoules in 2019. The gross value added from coal mining reached almost 50 billion Australian dollars in the same year.
In terms of metal mining, Australia’s many gold rushes have had a long-lasting impact on the country itself. Rapid growth in the population can be attributed to immigrants moving to the country for gold rush opportunities. Further development of industry and infrastructure was made possible following the gold rushes. Today, Australia is estimated to have the largest gold mine reserves in the world. Australia is also a global leader in the mining of lithium, the demand for which is growing on a global scale.
Australia’s mining market is diverse, and accordingly, so are its mining companies. BHP and Rio Tinto, both Anglo-Australian multinational mining companies, are two of the biggest names in mining worldwide. In Australia, these companies lead the metals and mining market. Australia’s future in mining may include an expansion in the exploration and mining of elements such as cobalt, lithium, and nickel. These are necessary components for battery cells that are required for the development of green technology. The country’s proximity to Asia may see it become the leading supplier of critical minerals and metals.