To realise its potential, the industry needs a competitive fiscal and monetary policy environment and access to competitive economic infrastructure services. Broad economic policy should be directed to achieving growth, high and sustainable employment levels, low inflation and external balance.
Australia's minerals industry has successfully demonstrated its capacity to perform in international markets. Its future performance will depend in part on economic conditions in Australia maintaining that competitive edge given increased globalisation of the industry. This will see established and emerging producers elsewhere looking to achieve the same economic success that Australia has had for an expanding minerals sector.