Annual Reports

2011 Annual Report - Minerals Council of Australia

A recovery in minerals production and exports following severe floods early in 2011 has underpinned the nation’s export performance with minerals exports (excluding oil and gas) reaching $154 billion in 2010-11. That is 52 per cent of Australia’s total exports. Key commodity prices are down from levels reached in the September quarter 2011 and further easing is in prospect given the weaker global economic outlook. Costs are also rising dramatically in Australia.