Australia's Identified Mineral Resources 1997

Authors / CoAuthors

Abstract

In 1996, Australia's Economic Demonstrated Resources (EDR) of cobalt, gold, nickel, phosphate rock and tantalum increased substantially, while EDR of bauxite, lead, lithium, platinum group metals (PGM), silver and zinc rose slightly. There was a significant reduction in EDR of gem and near gem diamond and industrial diamond due to ongoing high levels of production. Magnesite and tin EDR were also significantly reduced as a result of depletion due to production and reassessment of deposits. EDR of all other commodities remained unchanged or had minor reductions. Australia continues to rank highly as one of the world's leading mineral resource nations. It has the world's largest EDR of bauxite, lead, mineral sands (ilmenite, rutile and zircon), silver, tantalum, uranium and zinc. In addition, its EDR is in the top six worldwide for black coal, brown coal, cobalt, copper, gold, iron ore, lithium, manganese ore, nickel, rare earth oxides, gem and near gem diamond and industrial diamond. Mineral exploration expenditure rose by 7.5% in 1995-96 to $960.2 million from $893.3 million in the previous year. Increases were recorded in all states and the Northern Territory. Gold was again the main target, accounting for 57% of the total expenditure. In 1995-96 mineral resources exports increased to a new record of $34.7 billion (thousand million), a rise of 12.7% over the previous fiscal year. These export earnings comprised 60% of Australia's commodity exports, 45% of merchandise exports and 35% of the country's total exports of goods and services. The Australian Bureau of Agricultural and Resource Economics (ABARE) forecast export earnings to set a further record in 1996-97, rising by nearly 4% to over $36 billion.

Product Type

nonGeographicDataset

eCat Id

70949

Contact for the resource

Custodian

MNHD

Owner

Commonwealth of Australia (Geoscience Australia)

Custodian

Commonwealth of Australia (Geoscience Australia)
Cnr Jerrabomberra Ave and Hindmarsh Dr GPO Box 378
Canberra
ACT
2601
Australia

Keywords

GA PublicationReport

( Theme )

commodities

( Theme )

mineral deposits

( Theme )

mineral exploration

( Theme )

resource assessment

( Theme )

geoscience

Australian and New Zealand Standard Research Classification (ANZSRC)

Earth Sciences

Published_External

Publication Date

1997-01-01T00:00:00

Creation Date

Security Constraints

Australian Government Security ClassificationSystem

Classification - unclassified

Legal Constraints

Creative Commons Attribution 4.0 International Licence

Access - license

Use - license

Status

Purpose

Maintenance Information

unknown

Topic Category

geoscientificInformation

Series Information

Lineage

Unknown

Parent Information

Extents

[-44.0, -9.0, 110.0, 156.0]

Reference System

Spatial Resolution

Service Information

Associations

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