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Opportunities and Challenges Facing the Australian Resources Sector

19 Pages Posted: 28 Mar 2012  

Kate Penney

affiliation not provided to SSRN

Jane Melanie

affiliation not provided to SSRN

Clare Stark

affiliation not provided to SSRN

Terry Sheales

affiliation not provided to SSRN

Date Written: April 2012

Abstract

The resources sector has made a significant contribution to Australia’s prosperity over a large part of its postcolonial history. A combination of substantial mineral and energy resources, perceived low sovereign risk, a skilled workforce, technological leadership, openness to direct foreign investment and relative freedom from interventionist government policies has shaped the Australian resources sector into a highly competitive supplier of minerals and energy products to global markets. Despite this strong global market position, the past performance of the resources sector is no guarantee for its future. The sector operates within a highly competitive globalised environment. Its future depends on its ability to remain internationally competitive, while pursuing sustainable development through a combination of resources discovery and exploitation, socially responsible development and effective environmental stewardship.

Keywords: Australia, challenges, energy, opportunities, resources

Suggested Citation

Penney, Kate and Melanie, Jane and Stark, Clare and Sheales, Terry, Opportunities and Challenges Facing the Australian Resources Sector (April 2012). Australian Journal of Agricultural and Resource Economics, Vol. 56, Issue 2, pp. 152-170, 2012. Available at SSRN: https://ssrn.com/abstract=2030131 or http://dx.doi.org/10.1111/j.1467-8489.2012.00587.x

Kate Penney (Contact Author)

affiliation not provided to SSRN

No Address Available

Jane Melanie

affiliation not provided to SSRN

No Address Available

Clare Stark

affiliation not provided to SSRN

No Address Available

Terry Sheales

affiliation not provided to SSRN

No Address Available

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