Australia top dog in several commodities

THE latest Geoscience Australia statistics on the nation’s mineral endowment finds it remains the largest holder or producer of some of the world’s most sought-after commodities.

Australia top dog in several commodities Australia top dog in several commodities Australia top dog in several commodities Australia top dog in several commodities Australia top dog in several commodities

Minister for Resources and Northern Australia Matt Canavan launched the latest edition of the Geoscience Australia publication ‘Australia’s Identified Mineral Resources’ (AIMR) at PDAC in Canada.

As at December 2016, Australia ranked number one in the world for gold, iron ore, lead, nickel, rutile, tantalum, uranium, zinc and zircon, and number two for bauxite, brown coal, cobalt, copper, ilmenite, niobium, silver, thorium and tungsten.

In terms of production, Australia was first in the world for bauxite, iron ore, lithium, rutile and zircon, and second in the world for diamonds, gold, lead and rare earths.

Canavan said Australia was a world leader in resources, by almost any measure.

“We are also leading the way internationally in mining innovation and are ex...