The Mining Industry in South Australia

Mining has strong increase in revenues and investment in the mining sector and for other industries aligned to mining and resources. Modelling undertaken for this document estimates that the mining increase has on average delivered 0.62 per cent to whole funding

Economic indicators are a crucial guide for gaining an understanding of the statistics of how efficiently our resources are being utilised. This is why the unemployment rate and also the full time employment rate are such monumental subjects of attention. The unemployment rate could be further diluted with the investment into education and training of Australians with the added benefit of protection against unemployment in the case of an economic boom. Economically successful companies have a strangle hold on the global marketplace, this advantage is derived from the gap in education and training of the workers these companies employ. Highly educated employees yield better productivity meaning faster production for the company and an increase in intrinsic motivation by earning more on average. (Investopedia, Education Training Advantages, 2016)This in turn benefits the entire economy due to decreasing unemployment and increasing residents’ disposable income. For Australia to remain a threat to the market and gain greater diversity, skill acquisition is paramount but only gained through education and formal recognition. A perfect example of this is despite the recent negotiations for free trade agreement china has lowered their demand for Australian commodities. This has had a massive impact since 2011(Australia’s ToT, SMH, 2016) and has seen a massive plummet in commodity

Fortescue is an Australian Iron Ore company, which constructed its first mine in 2006. Today they have mines all across the Pilbara region, at Kings, Firetail, Cloudbreak, and Christmas Creek with a network of rail that connects to Herb Elliott Port, in Western Australia. Fortescue is the world’s fourth largest iron ore producer, with a workforce as at 30 June 2014 comprising of 4,553 direct employees, with contractors employing a further 10,125 people. Their vision is to be the, ‘safest, lowest cost iron ore producer’ (Fortescue 2014), with safety, empowerment, enthusiasm, determination along with frugality, idea generation and goal setting, go in par with profitable and sustainable growth being Fortescues main focus. The amount of Ore

Australia has transformed its economy from an impoverished and subsistent indigenous economy to an advanced economy with one of the highest standards of living in the world. It has vast lands with rich exploitable resources and has a history of close-knit community building, a government with strong institutional rights from the beginning, flourishing businesses and the interactions of the private and public sector. It has not only tackled adversity in the form of economic depressions, inflation, and military conflicts but at the same time has also built prosperity through good economic policies, creation of major infrastructure and leveraging the benefits of international economic linkages.

The Rio Tinto Kennecott is a great illustration of how mining benefits its surrounding communities here in the Salt Lake Valley. According to their website, Rio Tinto Kennecott’s mining service employ 2400 people with full time jobs. These jobs are stable and provide wonderful lifetime careers. As modern technology continues to progress and move forward, the basic foundational minerals that produced from mines do not become irrelevant. On the contrary they become more and more pertinent and integrated in day to day life. An example of the longevity of careers in mining would be the Peay family. The Peay family, a local Utah family,

Almost all of Australia’s silver-lead-zinc mines are highly mechanised, underground operations. Underground mining is the preferred mining method of choice in the world (See appendix 7) and is generally used for areas where the mineral seam is too far underground for open cut mining to be of use. A tunnel, called a decline, is created to allow workers and machinery to reach the location

Minerals are a natural resource that is very important to Canada and its industries development. Canada is one of the leading countries when it comes to minerals due to the mining industries. Mines that provide us minerals in Canada include the Diamond Production in the far North, Voiseys Bay in Labradors, the Sudbury region, Arctic and Taiga region, and the boreal shield region. Miners play an effective role when it comes to minerals since they are really the ones providing us with these minerals. As well as the workers in industries who make oil and different things out of them. There have been many recent developments in Canada in the mineral industry, such as; Diamond production in the far north that is Canada’s latest mining success stories.

Australia, the large Island continent, has been generously furnished with abundant natural resources. With these resources, not surprisingly the various kinds of industries utilizing these resources are emerged in Australia. One of the most important industries is mining. Australia has the world's largest reserves of several mineral commodities in both minerals and energy resources. The Mining sector includes all units mainly engaged in mining, including the mineral exploration, and the provision of a wide variety of services supporting mining and mineral exploration. The discovery of the gold in New South Wales and Victoria has forced Australia into the group leader in mining countries since 1851. This essay will focus on the mining in

Mining had been practicied for centuries already and has helped humans develop through civilizations and years of innovation. Even though we have been the benficiaries of mining, there has been a catch to all of this. Mining isnt beneficial because of companies treating miners really bad and because of its harm to the environment, therefore creating more of a danger to us. Even if the mining industry seems to never have an end to it, it can surpressed, in order to ensure a better environment for future generations to come.

This report single-mindedly analyses on the function of mining in society, in addition to its social, environmental and economic impacts. In Australia the indigenous communities claim to their ancestral land recognised under the Native Titles Act which establishes channels of negotiation with mining companies before carrying they are able operations. The environmental toll of mines and the part it plays in designing the mine’s waste management systems and plant designs is also analysed. Finally the case study of Anvil Hill Coal mine, and the Argyle Diamond Mine are all conducted in this report, accompanied by recommendation for improvement.

Recently the Environmental minister for Australia, Greg Hunt, fast tracked plans that would mean the sea bed at Abbott point will be dredged with construction reaching the Caley Valley Wetlands, because of this these plans are possible for commencement any time after January 2015. The final decision on this was made regardless of public consultation legalities, primarily due to the plummeting value of coal and un-confirmed economic benefits of financing the mines and port. With the only certified benefit of coal mining in Australia being increased job opportunities for the industry, as according to the Australian Bureau of Statistics the Australian coal mining industry employs 54,900 people full time throughout the country and more than 145,000 people in related employment, this is a 247% increase since recorded 10 years ago. Since this decision a staggering 504,998 signatures collectively between savethereef.org and fightforthereef.org have protested the plans to dredge Abbott Point, a number that would significantly impact the final decision if public consultation protocol was followed by the Australian Government. This reports analysis will investigate the topic though the use of four key questions;

Mining has been a driving force for much of the exploration of Australia's remote inland and for Australia's industrial development, from the gold rushes of the 19th Century, through the iron ore and nickel booms of the 1960s, through the later growth of the coal industry, and to the current booming demand for minerals to fuel the industrial growth of much of the rest of the world. Australia has benefited greatly from the current resources boom, reflected in high rates of economic growth, record low levels of unemployment and increasing incomes for Australians. However, Australia’s world economic ranking has significantly decreased from 5th in 2001-02, to 22nd in 2014-15. (See appendix 10) This drop in world economic ranking may not entirely

Mining is a huge industry which serves great importance to the world as it produces billions of tons of raw product each year. Mining had a vast impact on the early history on New South Wales, providing a surge in wealth, jobs and resources. The first discovery of coal in Australia was in the Newcastle region of NSW in 1791 by escaped convicts. Coal is a black flammable mineral containing carbonized vegetable matter, which is used as a source of fuel and energy across the globe. By the 1830s, the coal industry had become established in New South Wales, sparking rapid growth creating Australia’s first industrial town- Newcastle. As the population in NSW began to rise mineral resources in particularly coal, through mining needed to be utilized

An increase of clean energy investments implies that funding for non-renewable energy would be decreased, which is something the government is unwilling to let go of. This is evident from Australia’s reluctance in putting its name down on the Paris climate summit communique which promotes the phasing out of government subsidies for coal, gas and oil. There are several justifiable reasons for keeping the coal industry, as coal is indeed Australia’s largest energy export, and also the major source for domestic power generation. The Coalition government also believes that coal is “essential to relive energy poverty”. But the bad news is that the future for coal industry in Australia does not look good. Coal prices have been dropping, and it is predicted that coal mines will become uneconomical because of their ongoing expenses. In other countries such as US, coal and oil industries have also struggled to expand. Back at home, the Adani mega coal mine in Queensland has a huge financial risk attached to it, yet it is heavily backed by the federal government. More than half of the coal mines in Queensland are currently running at a loss. There are too many uncertainties in the coal industry, and renewable energy is the natural solution. Developing renewable energy industries will expand the job market, and an increase in investments will ensure clean energy that is highly accessible to Australians. Given that solar and wind energy are both cheaper ways to generate electricity, together with the fact that the demand for coal is declining, the switch from non-renewable energy to renewable energy will certainly ensure economic growth for Australia. If the government is still in doubt, just look at the examples around the world: US has terminated coal mining leases, and its solar and wind sectors have been rapidly growing. China, Germany, and the UK have all financed in large wind arrays last year. With adequate funding

Another arguments against the limitations on uranium mining in Australia is that uranium mining can increase job oppurtunity to local people in Australia. According to Greenpeace Australia Pacific (2006), the uranium industry could create a large number of job opportunity because energy resource industry need a lot of employees to support that business. If the Australian Government expand their uranium mining it will create potential local job and it would be one solution to solve the unemployment problems. So, some people believe that the limitations of uranium mining is not necessary because it can reduce the job opportunity in Australia.