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Forecasted $310 billion export revenue for 2020-21 underscores importance of resources sector to nation
The forecast of a record $310 billion export earnings from minerals and energy resources in 2020-21 underscores the importance of mining’s contribution to communities, the economy and governments.
Iron ore, gold and copper export revenue is forecast to be a record $149 billion, $28 billion and $12 billion respectively, according to the Department of Industry, Science, Energy and Resources.
Metallurgical coal export revenue is forecast to be $22 billion, thermal coal $17 billion, aluminium (including bauxite, alumina and refined metal) $12 billion.
The figures released demonstrate the ongoing strong demand for Australia’s quality resources providing the wide range minerals and energy fuels to drive industry, increase prosperity at home and in our region and provide the materials for the technologically advanced, net zero emissions future.