8418.0 - Mining Statistics Newsletter, 2009 to 2010
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 10/06/2010 Final
|Page tools: Print Page Print All RSS Search this Product|
WHAT'S THE LATEST IN MINING STATISTICS
Mining operational and financial performance - In the year to June 2008-09, the mining industry recorded a $47.2 billion increase in total income, a rise of 34.7%. Despite an increase in total expenses of $25.5b (32.6%), operating profit before tax rose $17.7b (38.6%).
Source: ABS, Australian Industry, 2008-09 (8155.0)
Overall petroleum and minerals exploration expenditure increased in December 2009 – Total exploration expenditure increased 3.7% to $1,405.8m over the December quarter despite expenditure on offshore petroleum exploration falling 5.3% to $614.7m over the same period. Onshore petroleum expenditure rose 42.8% to $212.3m as expenditure on mineral exploration increased 3.8% to $578.8m. Western Australia had the largest rise in expenditure on mineral exploration ($22.8m or 7.6%), followed by Queensland which rose $19.7m (19.0%). The largest rise by minerals sought came from expenditure on copper exploration (up $17.0m or 45.9%).
Source: ABS, Mineral and Petroleum Exploration, Australia (8412.0)
Mining Labour Force Increases – In the February 2010 quarter there were 169,400 people employed in the mining industry. This is a 9,500 person increase from the 159,900 employed in the November quarter. Over the last 12 months to February 2010, the mining industry has gained 9,300 employees which follows on from a 25,300 increase in the previous 12 month period to February 2009.
Source: ABS, Labour Force, Australia, Detailed, Quarterly (6291.0.55.003)
Income and Expenditure Remain High – In volume terms, the trend estimate for sales of goods and services in the mining industry rose 2.8% in the March quarter 2010 to $36,331m. The seasonally adjusted estimate rose 0.1% to $35,911m. In volume terms, the trend estimate for inventories rose 1.1% this quarter to $9,064m while the seasonally adjusted estimate fell 2.0%. The trend estimate, in volume terms, for actual new capital expenditure in the mining industry rose 0.9% in the March quarter 2010 to $8,587m. The buildings and structures asset rose 0.6% while equipment, plant and machinery rose 1.8%.
Source: ABS, Business Indicators, Australia, (5676.0 ), and Private New Capital Expenditure and Expected Expenditure, Australia,(5625.0 )
Australia’s Share of World EDR – Australia has a large percentage of some of the world’s economic demonstrated resources (EDR’s). EDR’s are proven or probable resource reserves. As at December 2008, Australia had 38% of the EDR (including resources which are inaccessible for mining because of environmental restrictions, government policies or military lands) for Nickel, 38% for Uranium, 33% for Lead, 28% for Zinc and 25% for Brown Coal. Other significant amounts of the world’s EDR (including inaccessible resources) reserves within Australia include 20% of Silver, 16% of Industrial Diamonds, 15% of Iron Ore and 13% of Gold.
Source: Geoscience Australia, Australia’s Identified Mineral Resources 2009, Table 1
These documents will be presented in a new window.