In Australia, 41 percent of the revenue in the mining market is generated from gold mining, followed by coal mining. However, it was coal, iron and ore mining that reached the largest revenue growth in the financial year 2017. Evolution Mining Limited, MMG Limited and IIuka Resources Limited are among those mining companies in Australia who reached the highest market capitalization.
Australia is the world’s largest exporter of coal, iron ore, bauxite, alumina and some other resources. The production of those resources is by far exceeding the domestic consumption. More than 20 million metric tons of bauxite had been exported from Australia out of the almost 81 million metric tons of produced bauxite. The production of coal in Australia reached almost 300 million metric tons of oil equivalent in 2017 while only around 42 million metric tons of oil equivalent had been consumed in Australia in the same year. A similar pattern can be observed in the production of aluminum. While production figures amounted at around 1.6 million metric tons only around 300,000 metric tons of aluminum had been consumed in Australia in the same year.