f5415541-6530-485b-8961-811c68139c48 urn:uuid eng UTF-8 nonGeographicDataset nonGeographicDataset 2025-10-16T23:51:34 creation ISO 19115 2016 Australia's Identified Mineral Resources 1995 f5415541-6530-485b-8961-811c68139c48 The Australian mineral industry is an integral part of the domestic economy with $30.3 billion being generated in export earnings in the 1994-95 fiscal year. As in 1993-94, export earnings from minerals in 1994-95 were just over 60% of the earnings from all commodity exports for the year. The Australian Bureau of Agriculture and Resource Economics (ABARE) forecast that earnings from mineral exports will be $34.6 billion in 1995-96. Without Australia's large and diverse mineral resource base such a major contribution to the economy would not have been possible. Australia ranks as one of the world's leading mineral resource nations. According to estimates published by the United States Bureau of Mines (USBM), Australia is one of the world's top five countries for resources of bauxite, bismuth, cadmium, industrial diamond, gold, mineral sands, lead, lithium, manganese, rare earth oxides, silver, tantalum, and zinc. Australia has the world's fifth largest economic resources of brown coal and the sixth largest of black coal, and has the world's largest low cost uranium resources. In 1995, Economic Demonstrated Resources (EDR) for gold increased substantially and those for bauxite, ilmenite, rutile, zircon, and nickel increased slightly. There was a significant reduction in the EDR for tin and minor reductions for black coal, iron ore, lithium, magnesite and platinum group metals (PGM). Exploration expenditure rose again in 1994-95 to reach $893.3 million. Gold was the main target with an expenditure of $554.5 million, which was 62% of all mineral exploration expenditure. Continued high levels of exploration are essential if Australia is to maintain its mineral resource stock to support a sustainable contribution by the sector to the economy. {"type": "Polygon", "coordinates": [[[110.0, -44.0], [156.0, -44.0], [156.0, -9.0], [110.0, -9.0], [110.0, -44.0]]]} 110.0 156.0 -44.0 -9.0 AU Earth Sciences GA Publication Published_External Report commodities geoscience mineral deposits mineral exploration resource assessment Related Product documentDigital Australian Atlas of Mineral Resources, Mines, and Processing Centres HTML Download the file (pdf) documentDigital Download the file (pdf) PDF Unnamed resource documentDigital HTML