Australia: value added by mining industry 2024| ��ƽ��

Value added by the mining industry in Australia from financial year 2012 to 2024 (in billion Australian dollars)

Characteristic	Value added in billion Australian dollars
2024	312.25
2023	353.1
2022	285.96
2021	217.89
2020	209.44
2019	185.77
2018	148.37
2017	124.73
2016	102.1
2015	117.83
2014	127.69
2013	113.67
2012	132.69

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Release date

May 2025

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Region

Australia

Survey time period

FY 2012 to FY 2024

Supplementary notes

Excludes COVID-19 government support payments.

Values have been rounded.

Australia's financial years run from July to June of the following year. For example, FY 2017 starts on July 1, 2016 and ends on June 30, 2017.

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In the financial year 2024, the value added by the mining industry in Australia amounted to approximately 312 billion Australian dollars. The country’s mining industry includes the exploration and mining of gold, silver, iron ore, and coal reserves, among many other resources.

Mining production boom

Australia has one of the largest coal reserves in the world, with coal mined in every state. Coal production has continued to increase over the past years. Similarly, the production volume of iron ore has remained high. The largest iron ore mines in the country are located in Western Australia. Furthermore, spending on gold exploration continues to be significant, although slightly declining in recent quarters.

Demand for Australian metals and minerals

The export value of Australian coal peaked in 2023, with Australia being one of the leading coal exporting countries globally. The export value of gold was expected to remain relatively stable over the next few years, with a slight decline forecasted. Demand for Australian gold has been dominated by Hong Kong and China, with prices remaining high.