BACKGROUND NOTE 23 September 2010 The Australian Resources Sector—its contribution to the nation, and a brief review of issues and impacts Michael Roarty Science, Technology, Environment and Resources Section Contents Introduction ............................................................................................................................................. 1 The Resources Sector ............................................................................................................................... 1 The minerals industry ......................................................................................................................... 1 Australia’s minerals distribution .................................................................................................... 2 The oil and natural gas industries ....................................................................................................... 3 Oil ................................................................................................................................................... 3 Natural gas ..................................................................................................................................... 4 Key benefits of the resources sector ....................................................................................................... 4 Economic Benefits .............................................................................................................................. 5 Contribution to Exports ................................................................................................................. 5 Contribution to gross domestic product and employment ........................................................... 8 Investment and New Projects ....................................................................................................... 9 Rural and regional development ...................................................................................................... 10 Technological development and environmental research ............................................................... 10 Emerging and ongoing issues ................................................................................................................. 11 Resource Tax Issues .......................................................................................................................... 11 Climate change ................................................................................................................................. 12 Infrastructure planning ..................................................................................................................... 12 Sustainability ..................................................................................................................................... 13 Environmental performance ............................................................................................................. 13 Health and safety .............................................................................................................................. 14 Indigenous involvement ................................................................................................................... 14 Value adding ..................................................................................................................................... 14 Competing land uses ......................................................................................................................... 15 Overseas ownership ......................................................................................................................... 15 Concluding comments ........................................................................................................................... 16 Table Table 1: State Industry Gross Value Added (GVA), Mining, 2008-09 ...................................................... 9 Figures Figure 1: Australia’s major commodity export earnings .......................................................................... 6 Figure 2: Composition of Australian Mineral and Petroleum Exports ..................................................... 8
Date: 23/09/2010 - Collection: Publications - ID: library/prspub/232599 - Source: BACKGROUND NOTE (RESEARCH... - Author: ROARTY, Michael