Data released by the ABS yesterday has confirmed the importance of keeping Australia’s mining industry operating during the COVID-19 pandemic and related economic challenges.
According to the ABS a significant increase in Australia’s resources export revenue has underpinned an increase in the value of goods exports by 29 per cent to $36.1 billion in March 2020.
This has included growth in Australia’s iron ore exports to support China’s rebounding economy as well as increases in the value of Australia’s gold, coal and petroleum exports.
Australia’s mining industry has been able to deliver this result for the nation while implementing strict and comprehensive health and safety protocols to protect workers, families and local communities.
Keeping mining open for business during this challenging time not only protects 1.1 million jobs – it enables the industry to keep paying taxes and royalties which help fund government assistance programs for workers and small businesses affected by the COVID-19 pandemic.