The analyst's " Australia's Mining Fiscal Landscape Regulations Governance and Sustainability (2024)" provides a comprehensive coverage on Australia's mining fiscal regime. The report provides country's overview with macroeconomic performance, corruption index, and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, mining licenses and fees, as well as taxes and royalties. The report further provides Australia's sustainable mining practices covering its climate targets
Australia has abundant and diverse natural resources, including iron ore, coal, copper, bauxite, lithium, gold, natural gas, and uranium. Mining has a significant impact on the country’s national income, investments, jobs, exports and government revenues. By March 2024, GDP contribution from the mining industry accounted for about 14.3% of total GDP.
Australia is the largest iron ore producer in the world and also produces gold, bauxite, lead, among other minerals. According to the US Geological Survey (USGS), as of January 2024, Australia had 11.7% of the world’s bauxite reserves, 15.5% of its cobalt, 10.0% of its copper, 20.3% of gold, 31% of iron ore, and 36.% of lead reserves.
Australia’s federal and state governments have separate roles and responsibilities pertaining to resource exploration and development. Mineral resources are owned by the Australian government, or state or territory governments, rather than private individuals. The government exercises control over resources found offshore, while the regular administration is carried out by the adjacent state or territory. Every state has its own rules and regulations pertaining to minerals.
Australia has abundant and diverse natural resources, including iron ore, coal, copper, bauxite, lithium, gold, natural gas, and uranium. Mining has a significant impact on the country’s national income, investments, jobs, exports and government revenues. By March 2024, GDP contribution from the mining industry accounted for about 14.3% of total GDP.
Australia is the largest iron ore producer in the world and also produces gold, bauxite, lead, among other minerals. According to the US Geological Survey (USGS), as of January 2024, Australia had 11.7% of the world’s bauxite reserves, 15.5% of its cobalt, 10.0% of its copper, 20.3% of gold, 31% of iron ore, and 36.% of lead reserves.
Australia’s federal and state governments have separate roles and responsibilities pertaining to resource exploration and development. Mineral resources are owned by the Australian government, or state or territory governments, rather than private individuals. The government exercises control over resources found offshore, while the regular administration is carried out by the adjacent state or territory. Every state has its own rules and regulations pertaining to minerals.
Scope
- The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time sensitive manner
- Find out Australia's governing bodies, major laws in the industry
- Identify various mineral licenses and fees
- To gain an overview of Australia's mining fiscal regime
Table of Contents
- Executive summary
- Country overview
- Mineral overview
- Government bodies and agencies
- Laws and regulations
- Mineral licenses and fees
- Mining royalties and royalties
- Sustainable mining practices
- Appendix
- Abbreviation
