Australia Moves into Biggest Ever Mining Boom

By Dr. Cameron ChaiNov 21 2010

The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.

This seems to have been backed up by statistic released by the Australian Bureau of Agricultural and Resource Economics. The figures reveal that the planned mining and energy investments have risen to a record $132.9 billion in October

This is thanks to 72 projects at an advanced stage of development at the end of last month. The 21% increase in capital expenditure since April last year is in part due to the 17 coal projects that have added another 50 million tonnes a year to the production capacity of Australia.

Rio Tinto’s decision to expand its iron ore production capacity by 60 million tons over the next three years is also a major contributing factor, as is the decision to develop BG Group’s Queensland Curtis Island LNG facility. The boom in the resources is really reverberating in all sections of the mining industry.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Chai, Cameron. (2019, March 19). Australia Moves into Biggest Ever Mining Boom. AZoMining. Retrieved on February 22, 2026 from https://www.azomining.com/News.aspx?newsID=1537.
MLA
Chai, Cameron. "Australia Moves into Biggest Ever Mining Boom". AZoMining. 22 February 2026. <https://www.azomining.com/News.aspx?newsID=1537>.
Chicago
Chai, Cameron. "Australia Moves into Biggest Ever Mining Boom". AZoMining. https://www.azomining.com/News.aspx?newsID=1537. (accessed February 22, 2026).
Harvard
Chai, Cameron. 2019. Australia Moves into Biggest Ever Mining Boom. AZoMining, viewed 22 February 2026, https://www.azomining.com/News.aspx?newsID=1537.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback

(Logout)

Public Comment

Private Feedback to AZoMining.com

Submit

Sign in to keep reading

We're committed to providing free access to quality science. By registering and providing insight into your preferences you're joining a community of over 1m science interested individuals and help us to provide you with insightful content whilst keeping our service free.