Mining contributes record $455b in export revenue in FY23
In the 2022-2023 financial year, mining contributed a record $455b in export revenue, highlighting the importance of the industry to the nation’s economy, government revenue and regional jobs. Released by the Australian Bureau of Statistics (ABS), this figure represents 66% of all export revenue for the nation and is 10.5% higher that 2021-2022, which was a previous record year. This figure showed that thermal and metallurgical coal export revenue totalled $128b, iron ore $125b, gold $27.4b, aluminium $14.9b and copper $12.5b. A strong growth was seen in technology metals such as nickel, 51%, zinc, 30%, copper, 17% and coal, 11%. A 5% increase was also seen in gold export. Australia can’t afford to miss the opportunity to attract a share…