Australian mining and mining services supporting growth and prosperity
Australia’s mining industry continues to drive economic growth, with new figures from the Department of Industry’s Office of the Chief Economist forecasting that resources exports will hit a record high in 2017-18.
The Chief Economist is also predicting an increase in the contribution of the mining services sector to the economy, highlighting Australia’s mining industry as a global leader in innovation.
The Resources and Energy Quarterly notes that increasing shipments of a number of Australia’s principal resource exports will contribute to another boom year for Australia’s world-class minerals sector.
This is great news for the Australian economy because a strong mining sector equals a strong economy.