LIMA, SEPTEMBER 22 2021 Australia: The development of new copper mines will be strategic for its economy in the next ten years

The president of the Australian Mining Council, Tania Constable, highlighted the importance of this mineral due to its high demand and high prices in the international market.

 

In Australia, the development of new copper mining projects will be a strategic pillar in the next ten years for the strength of its economy. This was announced by the president of the Australian Mining Council, Tania Constable, during her participation in the central event of Heading to PERUMIN - Bicentennial Edition.

According to the representative of this organization, Australia is the largest mineral exporter in the world, with more than 200 mines in operation, and iron, coal, gold and aluminum being the most important in its productive supply. However, she acknowledged that they do not currently have many copper mines, which will be an aspect to be promoted in the short and medium term.

"Copper is very prominent in South America and copper mines are also being developed in Africa. In Australia, we want to promote copper projects. It is a mineral in great demand and with a high price in the market," said Tania Constable. It should be noted that copper, which is Peru's main export product, has exceeded record prices, above USD 9,000 per metric ton.

The representative of the Australian Mining Council said that the mining industry generates more than 1.1 million jobs in her country and that it accounts for more than 66% of its exports. In 2020 alone, the industry represented foreign exchange earnings of more than USD 220 billion for the country, which allowed it to address the crisis generated by the pandemic.

Constable also said that the demand for minerals has been increasing significantly in the world and will continue to do so in the next 10 years. From her perspective, there are four global trends that explain the high demand for minerals: higher income in emerging economies; growing urbanization in the world's economies, particularly in Southeast Asia; major technological advances in communication networks, consumer goods and transport; and the development of zero-carbon energy systems.

Newsletter PERUMIN 35

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