The Mineral Industry of Australia in 1999
THE MINERAL INDUSTRY OF AUSTRALIA By Travis Q. Lyday Australia was estimated to be the third largest producer of that was passed along to the consumer as part of the retail minerals and metals, excluding coal and petroleum, in the price. In 1999, the Commonwealth Government passed new world, and its minerals industry was a leading catalyst in legislation for a goods and services tax (GST) of 10% to replace promoting the growth of the economy. The country’s 1999 the wholesale sales tax effective July 1, 2000. The GST will be gross domestic product (GDP) was $390 billion (Bureau of East levied at 10% of the value added at each point in the production Asian Affairs, October 2000, Australia—Background notes, and distribution chain for all goods and services including accessed November 2, 2000, at URL http://www.state.gov/ imports, with some exceptions (U.S. Department of State, July www/background_notes/australia_0010_b gn.html). The 1999, FY 2000 country commercial guide: Australia, p. 87, minerals industry, which included exploration, mining, and accessed November 1, 2000, at URL http://www.state.gov/ mineral processing, represented about 6.6% of the Australian www/about_state/business/com_guides/2000/eap/australia_ economy (Resource Information Unit, 2000, p. 4). The real CCG2000.pdf). growth rate of the GDP for 1999 was 3.9% (U.S. Energy Information Administration, April 2000, Australia, accessed Environmental Issues November 1, 2000, at URL http://www.eia.doe.gov/emeu/cabs/ australi.html). Although less than 0.02% of Australia’s land surface has In 1999, Australia was the world’s leading producer of been affected by mining activities, care and maintenance of the alumina, bauxite, chrysoprase, diamond, ilmenite, mined lead, environment was a prominent and recurrent concern of the monazite, opal, rutile, sapphire, mined zinc, and zircon; the Commonwealth and state governments.
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