uncovering australia’sother asia thailand india european union 27 other japan korea, rep. china...
TRANSCRIPT
China Mining 2012
China Mining 2012
Uncovering Australia’s
mineral resource potential:
Hidden treasures
Andy Barnicoat Chief, Minerals and Natural
Hazards Division,
Geoscience Australia
4th November 2012
China Mining 2012
China’s imports of coal:
volume share by country
Australia is second largest supplier of coal (thermal and
metallurgical) to China, with 22% share
China Mining 2012
China’s imports of iron ore:
volume share by country
Australia is the largest supplier of iron ore to China
AUSTRALIA
China Mining 2012
Japan
Korea, Rep.
China
India
Other Asia
European Union 27
Other
Japan
Korea, Rep.
China
India
Other Asia
European Union 27
Other
Japan
China
Korea, Rep.
Other Asia
Thailand
India
European Union 27
Other
Japan
China
Korea, Rep.
Other Asia
Thailand
India
European Union 27
Other
Japan
China
Korea, Rep.
Other Asia
Thailand
India
European Union 27
Other
Japan
China
Korea, Rep.
Other Asia
Thailand
India
European Union 27
Other
Japan
Korea, Rep.
China
India
Other Asia
European Union 27
Other
Japan
Korea, Rep.
China
India
Other Asia
European Union 27
Other
$43.9b $109.5b
$34.1b $69.7b
Mineral
resources
Energy
(incl. coal)
6.8%
39.3%
2.1%
12.9%
Australia’s mineral and energy
export markets: China’s growth
Source: Bureau of Resources and Energy Economics, 2012
China Mining 2012
Australian minerals and energy
commodities production
Energy
Minerals
China Mining 2012
Australian energy and
minerals export earnings
Energy
Minerals
China Mining 2012
Australia’s mineral and energy
resource investments: value in $AUD
China Mining 2012
Australian resources growth
1977-2010, and world rankings
Commodity
Total
production
Growth in resources
cf. production*
Resources#
World ranking
Iron ore 5,000 Mt 6.8x 2
Black coal 8,000 Mt 22x 5
Gold 6,000 t 3.2x 1
Copper 16 Mt 8.3x 3
Nickel 5 Mt 9.4x 1
Zinc 31 Mt 2.2x 1
Sources: Resources - Geoscience Australia;
Production - Australian Bureau of Agricultural and
Resource Economics
* All categories:- Measured + Indicated + Inferred Resources # Economic Demonstrated Resources (EDR)
China Mining 2012
see next image
Source: Australian Bureau of Statistics
Australian mineral exploration
expenditure to June 2011
Exploration spending (A$ million, 2010-11 $)
China Mining 2012
Is Australia ‘mature’ for
mineral exploration? NO!
(greyscale, 0.5 vertical derivative)
draped on simplified surface
geology (coloured areas), and
major mineral deposits (coloured
circles)
China Mining 2012
Mineral deposit discoveries:
Australia vs the World
China Mining 2012
Australia’s commodity
inventory
China Mining 2012
1:1m Surface Geology
National datasets to support
exploration
Geoscience Australia is a federal government agency,
delivering fundamental national & regional datasets
to reduce risk in exploration targeting
Gravity
Radiometrics
Magnetics Data from State/NT Geological
Surveys and GA
China Mining 2012
Australian exploration
projects
1352
1126
626
203
680
649
172103
122
6211666
834
379
82
27
49
40
24
7
341
296
10059
0
500
1000
1500
2000
2500
3000
3500
Au Cu Coal U REE Ni
Feasibility
Advanced
Exploration
Grassroots
0
500
1000
1500
2000
2500
3000
3500
Au Cu Coal U REE Ni
Feasibility
Advanced
Exploration
Grassroots
Number of exploration projects by stage of development
China Mining 2012
Australia: More to discover downunder!
• Geological potential is high – Many opportunities; proven record of
discovery; wide range of commodities
• Supportive governments – State/NT exploration incentive schemes
– National and State/NT free digital data
– Partnerships with investors
• Low sovereign risk – Australia is 7th lowest risk in World
China Mining 2012
For more information, and free national and regional geoscientific datasets, visit:
Australia stand
(in the Exhibition)
www.ga.gov.au/minerals
www.geoscience.gov.au/
Australia:
More to discover downunder!