In Australia, coal and iron ore mining reached the largest revenue growth in the financial year 2017. AngloGold Ashanti Limited, Northern Star Resources 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 many other resources. The production of those resources by far exceeded domestic consumption. More than 23 million metric tons of bauxite had been exported from Australia out of the almost 81 million metric tons of bauxite produced. The production of coal in Australia reached over 300 million metric tons of oil equivalent in 2018 while only around 44 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 to around 1.6 million metric tons, only around 200,000 metric tons of aluminum had been consumed in Australia in the same year.
