Customs officials in Nepal recently told local media that the smuggling of gold into the country co

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November 8, 2013 Independent consultants from Business Monitor research agency recently published the results of his research about the development prospects of the mining sector in Australia, are not exactly optimistic.
The most important consumer of metals and minerals in Australia is China, which is now experiencing economic slowdown. As a result, the mining sector in Australia the clockmaker suffer from the sharp decline in demand for resources from China.
According to analysts, the market capitalization of the mining sector to reach Australia in 2017 about $ 181 billion, while the annual growth rate of 4.3%. In fact, it's not much when you consider that over the past ten years the annual growth of the mining industry "green" continent averaged 23.3%.
No other country is so not fully benefited from the commodity boom in China, which began in the early 2000s as Australia. As a result, mining corporations such as Rio Tinto and BHP Billiton the clockmaker have become one of the global leaders in its industry.
Given the significant increase in metal prices, especially for iron ore, one ton of which 10 years ago was worth less than $ 20 million dollars in investment flowed into the mining industry in Australia, bringing its share in GDP over the last ten years has increased from 4.5 % to about 9.6%.
According to experts, the mineral boom in China comes to an end, and Australia will lose as a result of this more than anyone else, as it is heavily dependent on the Chinese the clockmaker market. Other factors that adversely affect the mining sector in Australia, is the growth of economic nationalism in the country, falling productivity and tough laws on minimum wage.
However, despite the negative factors, Australia remains one of the largest holders of many mineral resources, primarily iron ore and coal, as well as nickel, bauxite, copper, gold, uranium, diamonds and zinc.
Moreover, the mining sector in Australia is one of the most loyal in the world to do business, which is why local and foreign mining the clockmaker companies do not experience large bureaucratic difficulties in the conduct of their business, and this means that Australia will continue to be an attractive destination for foreign investment, even with the introduction in July 2012 30% windfall tax on miners of iron ore and coal. This tax does not greatly affect the state of the mining sector in the country, as it is compensated by a very large wealth of mineral resources in Australia.
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