Download Report: The Mining Industry: From Bust to Boom

Report on the Australian  Mining Industry and it’s fortunes and trends

The Australian mining industry experienced a remarkable turnaround during the
2000s. The rapid growth of emerging economies in Asia drove a surge in demand
for commodities, particularly those used in steel and energy generation. With
global supply unable to respond quickly, prices surged to historically high levels.
In response, mining investment in Australia rose to record levels as a share of
the economy by the end of the decade. The rise in commodity prices has boosted
activity and incomes and encouraged the factors of production to shift towards
the mining industry. The boom has also been associated with a large increase in
the real exchange rate, affecting trade-exposed industries. Overall, Australia’s
macroeconomic performance during the decade was much more stable than
during the earlier mining booms, reflecting a stronger institutional framework.

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