South Australia's mining exports reach $5 billion, setting new records - Glam Adelaide
SHARE TWEET SHARE EMAIL COMMENTSSouth Australia witnessed a surge in its mineral and petroleum exports in 2023. The latest figures released by the Australian Bureau of Statistics (ABS), notes that exports soared by a notable 14.3 per cent, surpassing $5 billion.The ABS reported a record export figure of $17.9 billion for 2023, with the resources sector contributing a substantial $5 billion.
The potential for growth is immense, with South Australia boasting 16.8 billion tonnes of magnetite iron resource across the Northern Gawler, Southern Gawler, and Braemar provinces. Leveraging hydrogen for beneficiation presents a promising avenue for further expansion.The sector’s exploration expenditure in 2023 hit its highest point since 2012. This resurgence mirrors the fervor of the mining boom, reminiscent of the days when Oz Minerals invested heavily in discovering the Carrapateena and Prominent Hill copper mines, now under the ownership of BHP.
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