8415.0 - Mining Operations, Australia, 1999-2000
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/10/2002
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Increased sales, increased profits in mining industry
Sales of goods and services for the mining industry increased by 29% or $12.3 billion (b) to $54b in 2000-01 according to figures released today by the Australian Bureau of Statistics (ABS). Increases were noted across most sectors. Improved prices and increases in production contributed to a 70% ($7.8b) increase to $18.9b in the value of sales for the oil and gas extraction industry, a 20% ($3.1b) increase to $18.8b in the metal ore mining industry and a 10% ($1.1b) increase to $11.7b in the coal mining industry.
The increases in sales of goods and services led to a doubling of operating profit before tax (OPBT) for the mining industry in 2000-01 to $16.1b. OPBT for the oil and gas extraction industry increased by 150%, ($6.5b) to $10.8b, while the metal ore mining industry recorded a 105% increase in OPBT of $2.0b to $3.9b. The coal ore mining industry increased its OPBT by 46%, or $580 million, to $1.8b
Total employment for the mining industry increased by 4% (2,616 people) to 66,677 people in 2000-01.
The completion of several major projects resulted in a 35% ($2.2b) fall in net capital expenditure for the mining industry on the previous year's total with $4.2b spent in 2000-01.
Industry value added increased by $9.5b (39%) to $34.0b in 2000-01. The oil and gas extraction industry continues to be the largest contributor, accounting for 50% in 2000-01, up from 40% in 1999-2000. The metal ore mining industry accounted for 28% of industry value added (31% in 1999-2000) while the coal mining industry accounted for 17% of value added (20% in 1999-2000).
Further details are in Mining Operations, Australia 1999-2000 (cat. no. 8415.0) available from ABS bookshops.
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