Australia's Identified Mineral Resources 2009
Australia's Economic Demonstrated Resources (EDR) for the following 18 mineral commodities increased during 2008 - black coal, copper, gold, iron ore, lead, lithium, manganese ore, molybdenum, nickel, niobium, rare earth oxides, silver, tantalum, tungsten, uranium, vanadium, zinc and zircon. In the same period, EDR of nine commodities decreased - brown coal, cobalt, diamonds (gem and industrial), mineral sands (ilmenite and rutile), platinum group elements, shale oil and tin. EDR for antimony, bauxite, cadmium, magnesite, and phosphate rock remained at levels similar to those reported in 2007.
World ranking: Australia's EDR of brown coal, mineral sands (rutile and zircon), nickel, silver, uranium, zinc and lead remain the world's largest, while antimony, bauxite, black coal, copper, gold, industrial diamond, iron ore, ilmenite, lithium, manganese ore, niobium, tantalum and vanadium all rank in the top six worldwide.
Resource life: Ratios of accessible Economic Demonstrated Resources (AEDR) to current mine production provide indicative estimates of the resource life. AEDR of most of Australia's major commodities can sustain current rates of mine production for many decades. Resource life based on ore reserves is lower, reflecting a shorter term commercial outlook.
Over the decade 1997 to 2008 there has been a significant trend towards lower AEDR/production ratio for coal and iron ore, which was the nett result of major increases in production and reassessment of resources.
Commodities with resource life of less than 50 years are diamonds (about 10 years at current rates of production), manganese ore (20 years), gold (30 years), zinc (35 years) and lead (40 years).
The severe world financial crisis in late 2008 highlighted the fact that a long resource life for a particular commodity is not a guarantee that such resources will continue to be exploited in Australia. In an increasingly globalised and competitive commodity market, multinational mining companies are continually in search of mineral deposits that will offer attractive returns on their investment. Such returns are influenced by the quality of the resources (grade and tonnage) as well as environmental, social and political factors, land access and even the location and scale of the competitor projects - individual mine projects in Australia will be ranked by multinational corporations against the investment returns from other deposits worldwide.
Australia's continuing position as a premier mineral producer is dependent on continuing investment in exploration to locate high quality resources and/or to upgrade known deposits in order to make them competitive on the world market, and investment in beneficiation processes to improve metallurgical recoveries.
Australia's Identified Mineral Resources 2009 provides information on and analysis of mineral exploration expenditures in Australia for the calendar year 2008. Trends in expenditure are presented and discussed.
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Identification info
- Date (Publication)
- 2009-01-01T00:00:00
- Citation identifier
- Geoscience Australia Persistent Identifier/https://pid.geoscience.gov.au/dataset/ga/69951
- Cited responsible party
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Role Organisation / Individual Name Details Author McKay, A.D.
1 Author Miezitis, Y.
2 Author Huleatt, M.
3 Author Porritt, K.
4 Author Sait, R.
5 Author Kay, P.
6 Author Carson, L.
7 Author Sexton, M.
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- Point of contact
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Role Organisation / Individual Name Details Custodian MNHD
Owner Commonwealth of Australia (Geoscience Australia)
Custodian Commonwealth of Australia (Geoscience Australia)
Voice
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- Geoscientific information
Extent
))
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Resource format
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Product data repository: Various Formats
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Data Store directory containing the digital product files
Data Store directory containing one or more files, possibly in a variety of formats, accessible to Geoscience Australia staff only for internal purposes
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GA Publication
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Report
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geoscience
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- Theme
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resource assessment
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- Theme
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mineral deposits
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- Theme
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marine
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- Keywords
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AU
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- Australian and New Zealand Standard Research Classification (ANZSRC)
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Earth Sciences
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Published_External
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Resource constraints
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Creative Commons Attribution 4.0 International Licence
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CC-BY
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4.0
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Australian Government Security ClassificationSystem
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- 2018-11-01T00:00:00
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Distribution Information
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Role Organisation / Individual Name Details Distributor Commonwealth of Australia (Geoscience Australia)
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Download the file (pdf)
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pdf
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Resource lineage
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Unknown
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GA Publication
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Source data not available.
Metadata constraints
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Australian Government Security ClassificationSystem
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- 2018-11-01T00:00:00
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GeoNetwork UUID
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Role Organisation / Individual Name Details Point of contact Commonwealth of Australia (Geoscience Australia)
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nonGeographicDataset
Alternative metadata reference
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Geoscience Australia - short identifier for metadata record with
uuid
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- Date info (Revision)
- 2018-04-20T06:13:55
- Date info (Creation)
- 2009-12-15T00:00:00
Metadata standard
- Title
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AU/NZS ISO 19115-1:2014
Metadata standard
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ISO 19115-1:2014
Metadata standard
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ISO 19115-3
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Geoscience Australia Community Metadata Profile of ISO 19115-1:2014
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Version 2.0, September 2018
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