The secto… WA has enormous iron ore resources, currently estimated at 120 434 million tonnes (inclusive of reserves). At 5.8 per cent of GDP, the mining industry is one of the largest in Australia, responsible for almost half of the country’s exports and over 242,000 domestic jobs. We are establishing industry think tanks—known as Industry Growth Centres—which target the growth sectors of the Australian economy. the importance of building on Australia’s strong international reputation as a reliable energy and commodity supplier and attractive place to invest; and.  The Australian Government welcomed the Productivity Commission’s final report on Resources Sector Regulation that makes a number of recommendations to improve approval processes by removing duplication and cutting red and green tape. We pay our respect to them and their cultures and to the elders past and present. December 13, 2018 Food&Beverage Australia’s food and grocery manufacturing sector is in many respects the quiet workhorse of the national economy. Australia's coal export destinations have evolved over the past decade as market demand has shifted. The Oil, Gas and Energy Resources Growth Centre is also expected to be up and running by early 2016. In addition to creating much–needed high skilled and high paid jobs for regional Australians, it helps build careers and ensures more young people stay in regional communities. DSO is most abundant in particula… The country was ranked second in the United Nations 2016 Human Development Index and sixth in The Economist worldwide quality-of-life index 2005. The construction sector is also the State’s third largest employer, employing 236,100 workers in 2018-19. Updated projections confirm Australia is on track to meet and beat its 2030 Paris target thanks to strong and practical action to reduce emissions by the Morrison Government. The minister of finance has pointed out that mining also contributes significantly to personal income tax, in that R15.2 billion was collected from mine employees in pay-as-you-earn (PAYE) tax in 2013/14. It’s because it’s an industry that uses a lot of expensive equipment but doesn’t need that many humans to actually operate them. In the last financial year, export earnings from resource and energy commodities totalled $174 billion. We live with the legacies of periods of great prosperity, often brought to us by the mining industry — whether it’s on the back of gold, coal or iron ore, from the Goldrush to the most recent iron ore boom. In the last financial year, export earnings from resource and energy commodities totalled $174 billion. New Coalition Government reforms will allow the Northern Australia Infrastructure Facility (NAIF) to commit up to half a billion dollars from its total budget to equity investments that will further speed up new job and economic opportunities throughout the north. Spam Act, Recruitment Process Outsourcing (RPO) Support, Organisation Structure & Position Description Reviews, Department of Industry expects (reported by the Australian, read with subscription), the level of foreign direct investment in Australian mining, Mineral Processing and Engineering Maintenance Recruitment, Trades, Operator and Labourer Recruitment, Employment Dispute Support/Expert Witness. Mining booms and busts seem to define Australia’s economic story. Some surveys even claimed five to nine times this number. But the mining industry, which increased its inventories by easily the largest amount, remains the big dog in the economy. It requires more investment to create 1. Australia is presently in the midst of yet another minerals boom—exhibited by both high prices for, and record export volumes of mineral commodities, especially iron ore and coal. As commodity markets adjust, we’re preparing for a new wave of investment in exploration and mining. By comparison, manufacturing employs 889,000 people, construction employs 1.1 million people and 1.2 million work in retail. In fairness, those were not great years — with the industry having contracted by $9.4 billion on the year before, as commodity prices crashed. Elizabeth Lewis-Gray, who was a part of the panel discussion before my speech, is the Chair of METS Ignited. In job-creation terms, mining is actually on a par with the arts. We have abolished the mining tax and carbon tax. In fairness, those were not great years — with the industry having contracted by $9.4 billion on the year before, as commodity prices crashed. It remains the Government’s priority that Australia continue to have an investment-friendly environment that facilitates business and your industry’s success. RICHARD DENNISS: There's a gulf between what the average Australian thinks the mining industry contributes to the Australian economy and what it really does. The Government’s priorities: supporting the resources industry. Our focus is on creating a business environment that facilitates investment and improves productivity. Privacy Policy - A quadrupling in the value of the mining industry’s physical capital in recent times means it now accounts for about seven per cent of our GDP (our total production of goods and services, or Gross Domestic Product). As you will know, Australia has one of the best METS industries in the world. 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