Mining industry has been the anchor of South Australia’s economy and, benefits it has provided outweigh whichever associated costs. As developed by the South Australian State Government (2013), “realising the benefits of the mining boom for all” is one of the seven strategic priorities to secure the state’s future. Mining is an important industry in South Australia because it has been a major source of minerals for the high demand in Australia and many countries (Flinders Ranges Research n.d.). This industry plays a vital part in advantaging the state in terms of economic – profits and job opportunities; social – more skilled workers and population growth in the outback; political – good state and country reputations; cultural – workforce diversification.
Firstly, South Australia’s mining industry immensely increases job opportunities in the society. For instance, South Australia is hosting 34 emerging minerals developments indicating the demand for skilled mine workers of around 14,800 personnel as stated by Validakis (2013). On the contrary, mining industry negatively impacts the South Australian economy if it is compared to the other states, as it has reduced the state’s Gross State Product (GSP) growth by 0.16 per cent. This is due to competitions with other states that have larger exposure to mining (Duc, Bailey & Marshall 2013). Nonetheless, about 15,000 new mining jobs in South Australia will need to be filled over the next seven years according to a report from iMINCO (2013). Moreover, the number of jobs is expected to more than double by year 2030.
Another benefit attributable to mining industry in South Australia is the population growth in the outback area. The land on which the Olympic Dam mine is, was previously pasto...
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...tra.gov.au/documents/Economic-Industry/Economic_Impact_of_the_Current_Mining_Boom_on_the_Australian_Tourism_Industry_FINAL.pdf>.
Treasury of Australian Government 2013, Chapter 5 - Australia with carbon pricing, viewed 22 November 2013, .
Validakis, V 2013, 35,000 new mining jobs to be created in South Australia, viewed 20 November 2013, .
Wiseman, J 2008, Uranium mine gets nod amid pollution fears, viewed 21 November 2013, .
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The company is known as the largest iron ore, coal and manganese producer in Australia, Brazil, and South Africa. They own one of the major suppliers or copper, silver, lead, and uranium in Australia and continuously looking for ways to expand globally. As of 2016 BHP Billiton has been announced to be the third largest nickel producer and the sixth largest producer of aluminum
The excitement for mining and excavating for minerals was sparked in prospectors and people looking for an easy way of profit in the 60’s.This second gold rush of speaks, despite most of the minerals they were after was more on the lines of copper, nickel, iron and the like, brought high hopes of those wanting to get rich fast. Though thousands had hope in making money from mining on their own, many excavators found little gold on their own efforts. Most needed to actually find work in mines. But, they almost got something even better. The v...
BHP Billiton is the most successful company throughout the world by using unchanged strategies in their business. They have a strategy to operate large, low cost, expandable, and upstream commodities by using raw materials, geography, different assets and market, which give them a superior marginal costs throughout economic and commodity cycles for several years. They put the security of their workers first and supporting them by providing various facilities (see appendix 1). Their diversification makes the easy cash flow system by reducing the exposure to any one commodity and give for more identifiable and great financial performances. To become more successful BHP have heaps of human resources or workforce which reflect their values and communities. They have aim to recruit and attract other people who make their organization successful and thrive on working in teams and going to their extra miles to give their best. Moreover, they are committed to meet the changing needs of their customers. They have world class portfolio of growth option that will make them able to plan for a short term and long term goals and continuing them to create value for their shareholders which BHP more powerful (BHP Billiton, 2014). By using these all measures BHP Billiton kept its solid position in the nine month period till the end of March 2014 with the record of production attained for four items and at 10 operations. In aggregate, processing expanded by 10% for throughout the period what's more is required to develop by 16% over the two years to the end of the 2015 fiscal year. For further development BHP having a plan to start new projects where they pursuing a higher rate of returns on incremental investment and increasing inter...
Smith-Baranzini, Marlene, Richard J. Orsi, and James J. Rawls. A Golden State: Mining And Economic Development In Gold Rush California. Berkeley, California: University of California Press, 1999. eBook (EBSCOhost). Web. 26 Mar. 2014.
Potential work deficits in artisanal mining is there are not many options for work surrounding mining. Yes, miners need stores, assistance is needed with getting their miner’s license, mining itself, washers, carrying food and supplies to the work site. With these jobs focusing around mining there is not much variety currently being offered to many people of the community. Without resources members of the community can try and become miners and potentially work under dangerous circumstances. Like Olivette, people can start as miners and expand into business owners and be able to employ more members of the community if their business is large enough. Another way to address the deficit is to create more jobs and not just stores. If there are too many stores, stores owners could potentially become in completion with one another. Restaurants, opening a lodge and possibly opening a store that strictly sells tools used for mining. These businesses will be a great solution to the deficit because they will require many workers to help
Over the past five years the Australian economy has gone through many changes experiencing both the peaks and troughs associated with business cycle.
Objectives • To evaluate the difficulty of mining and reclamation To calculate costs, expenses, income, and profit from a hands-on mining exercise. • To evaluate the effectiveness of reclamation and its added costs to mining. To describe the increasing rarity of some non-renewable mineral resources. Introduction Minerals play an important role in our day-to-day life, but we often do not contemplate how the minerals are obtained. Minerals are scattered all over the world, just like any other resource.
Australia has had one of the most outstanding economies of the world in recent years - competitive, open and vibrant. The nation’s high economic performance stems from effective economic management and ongoing structural reform. Australia has a competitive and dynamic private sector and a skilled, flexible workforce. It also has a comprehensive economic policy framework in place. The economy is globally competitive and remains an attractive destination for investment. Australia has a sound, stable and modern institutional structure that provides certainty to businesses. For long time, Australia is a stable democratic country with strong growth, low inflation and low interest rate.(Ning)
In a typical year, the mining industry is responsible for almost 20 per cent of Canada's total export earnings3 (See Appendix A). As for the employment rate, over 70 per cent of the mines are owned by Canadians and approximately 108,000 Canadians are directly employed in the mining industry4. Mining is very important in Canadian life. Not only do the products power the family car and heat the family home, the manufacturing sector, the high tech industries and even the better known resource industries are all dependent, in some way, on the mining industry. The mining industry will continue to be an important support to the economy. Mining is taking full advantage of the quick expansion of computers and microelectronics.
INTRODUCTION:BHP Billiton is one of the top and leading companies who mainly deal in global resources. It is one of the major producer of main commodities like iron-ore, oil, gas (both conventional & unconventional), copper, energy coal, aluminium, silver and nickel. Developing values for the shareholders for long-term is their purpose which can be achieved by developing, creating new innovative methods of methods of marketing of natural resources.It has above 100 operations running in 25 nations across the world shows its global presence and it has headquarters in Melbourne, Australia (Thompson & Macklin, 2010).
What comes to mind when you think of coal mining? If you're like me, coal mining means living in darkness and a cold hearted industry. Other words that come to mind are poverty and oppression. Coal mining is not a job that you dream about or get a degree for. People who are coal miners do not chose a life full of danger and repression, they get stuck with it. There are many dangers that come along with coal mining, not only for the workers, but for the environment. Coal mining and the coal industry have caused irreversible damage to our environment and has killed innocent miners.
Though it has had many negative impacts on the environment in the past, mining is a vital industry completely necessary to our economy and lives. Nearly every item we use or encounter in our day to day lives is mined or contains mined products. Without the excavation of such materials things like computers, televisions, large building structures, electricity, and cars would not be possible. Virtually every technological and medical advance uses minded materials, without which millions would suffer. Some examples of minerals in the home include the telephone which is made from as many as 42 different minerals, including aluminum, beryllium, coal, copper, gold, iron, silver, and talc. A television requires over 35 different minerals, and more than 30 minerals are needed to make a single personal computer. Without boron, copper, gold and quartz, your digital alarm clock would not work. Every American uses an average 47,000 pounds of newly mined materials each year, which is higher than all other countries with the exception of Japan, which is a staggering figure representative of our dependence and need for mined minerals. Coal makes up more than half of nation’s electricity, and will continue to be the largest electrical supplier into 2020 & accounting for some 95 percent of the nation's fossil energy reserves – nine of every ten short-tons of coal mined in the United States is used for electricity generation. As the population of the world grows more mineral resources must be exploited through mining in order to support the rising demand for such products. Though it may present a hazard to the environment and those physically located nears the mines, the materials extracted from mines...
Yarra Rangers Shire Conci, . (2012, 04 05). Retrieved from Yarra Ranges Shire Concil: vic.gov.au/Business/What_is_Economic_Development
Mining is the process or industry of obtaining minerals from the earth. Topics in this paper I’ll be specifically discussing are pros and cons of mining, structures of a mine, mining in general, California gold rush, diamonds in Africa, and comparison of diamond and gold mines.
Warhurst, A. (1999). Mining and the environment: case studies from the Americas. Ottawa, ON, Canada: International Development Research Centre.