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The Mining Industry in South Australia

2024-02-05 17:08:07

Mining is the central presence of the South Australian economy and brings benefits beyond the associated costs. "Enjoying the benefits of a mining boom for everyone" developed by the South Australian government (2013) is one of the seven strategic priorities to ensure the future of the country. Mining is an important industry in South Australia as it is a major source of high demand minerals in Australia and many countries (Flinders Ranges Research n.d.). Economy - In profit and employment opportunities, this industry plays an important role in promoting national development; society - more skilled workers and inland population growth - politics - good situation

Due to its abundant natural resources, advanced industries and tourism industry, the economic development of Australia is powerful. The main industries in Australia are mining (such as coal and natural gas), industrial and transportation equipment, food processing, chemicals, steel manufacturing. Agriculture is a major product such as wheat, barley, sugarcane, fruit, cattle, sheep, poultry, etc. It also affects the economy of the country. Australia is in Oceania between India and the South Pacific. It is a big country, but its topography does not change so much, and most areas are low desert areas. However, there is a fertile plain in the southeastern part. The climate of Australia is predominantly dry to semi-arid, while the south and east are temperate and the north is tropical.

Coal is mined mainly in Queensland, New South Wales, Victoria. 54% of the coal mined in Australia is exported to East Asia. In 2000-01, 255.5 million tons of coal was mined and the export volume was 193.6 million tons. Coal supplies about 85% of the Australian electricity generation. In 2008-09, 477 million tons of coal was mined and 261 million tons were exported. Australia is one of the world's leading coal exporters. Prior to trade liberalization in the mid 1980s Australia had a large textile industry. This decline continued until the first decade of the 21st century. Tariffs have declined steadily since the 1980s, and tariffs on clothing declined from 17.5% to 10% in early 2010, tariffs on footwear and other fabrics fell from 7.5 - 10% to 5% . As of 2010, most textile manufacturers are doing in Asia, even Australian companies.