Why Australia is the hidden Gold Mine of the world?
Australia comprises a land area of about 7.692 million square kilometers and is the smallest of the world’s continents. Yet, Australia’s natural wonders and its rich history make it one of the MOST beautiful and diverse countries in the world.
Australia is one of the wealthiest countries in the world; it is a country rich in natural resources. Its natural resources are mainly agricultural, mining, and energy include gold, coal, iron ore, copper, silver, uranium, and nickel.
These minerals are vital for our everyday lives as they help to power homes with electricity and manufacture products that we use every day like mobile phones and cars. It is also known for its abundant oil, natural gas, and renewable energy sources.
In 1851, the Australian Gold Rush started when gold was first discovered in New South Wales, Australia, and just four years later, the country had already produced 1.5 million ounces of gold worth approx. AUD$29 million. In modern terms, that’s about AUD$15 billion or HK$90 billion.
In 1858, there were 154 active mines in Australia, and by 1867, this number had risen to 963.
It was the peak of production for gold mining in the nation, and it continued into the 20th century and beyond.
According to an article published in the “Australian Financial Review,” the total worth of Australia’s gold rush is approximately USD $5.3 trillion.
this estimate does not include the value of precious metals that have yet to be mined, nor does it include minerals currently being exploited.
In 2021, Australia became the biggest gold producer in the world, overtaking China for the first time.
This abundance has given rise to an active mining industry that exports a variety of minerals to other countries worldwide. The mining activity injects money into the Australian economy as well as making it one of the leading producers of many natural resources.
Australia is also the leader in exporting iron ore to the rest of the world. As shown in the graph above, as of 2020, Australia contributes 56% of the total iron ore distribution in the world. The major iron ore export markets for Australia include Japan (36%), South Korea (27%),
and China (20%).
and China (20%).
In 2021, Australia became the biggest gold producer in the world, overtaking China for the first time.
This abundance has given rise to an active mining industry that exports a variety of minerals to other countries worldwide. The mining activity injects money into the Australian economy as well as making it one of the leading producers of many natural resources.
Now, how to invest in Australia’s natural resources?
Some of the world’s largest mining companies come from Australia. We are talking about BHP, Rio Tino, Fortescue Metals Group etc. They produce iron ore, coal, petroleum, copper, natural gas, nickel, and uranium, etc.
I’d like to discuss with you this in detail. If you are interested in learning more about how investing in Australia’s natural resources could benefit you or learning more about doing business with Australia, contact me today!
Sources:
https://insiderguides.com.au/brief-guide-history-australia/ https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/australia-to-continue-to-supply-most-of-china-8217-s-iron-ore-despite-trade-tensions-59208917 https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/ https://www.tradingview.com/screener/ https://www.rba.gov.au/qa/gold-holding.html https://www.dmp.wa.gov.au/Investors/Gold-1480.aspx
https://insiderguides.com.au/brief-guide-history-australia/ https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/australia-to-continue-to-supply-most-of-china-8217-s-iron-ore-despite-trade-tensions-59208917 https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/ https://www.tradingview.com/screener/ https://www.rba.gov.au/qa/gold-holding.html https://www.dmp.wa.gov.au/Investors/Gold-1480.aspx
