Record Profits for Mining as Gold & Battery Metals Boom

Record profits for mining as gold and battery metals boom

In a year of COVID-19 disruption, Australia’s mining and resources sector is providing economic stability as profits continue their record-breaking run.

More than 11 per cent of Australia’s economic activity comes from the mining and resources sector, highlighting the importance of conferences like the International Mining and Resources Conference (IMARC), which enables the likes of Geoscience Australia to proudly showcase their achievements.  As Australia’s most influential mining event, IMARC connects global mining leaders with technology, finance, and the future. The current flux in the mining and resources sector means exploration promotion is more important than ever.

“This past year has been one of the most difficult on record for businesses to not only continue to operate, but also to be able to talk about their achievements and milestones,” said Geoscience Australia Director of Mineral Resources and Promotions, Allison Britt.

“This coming year looks to be returning the industry to some semblance of normality with events opening up such as IMARC in 2022, enabling us to network again and to gather again as an industry,” said Britt.

“That’s really what we’ve been missing over the past 18 months,” said Britt.

“We’ve all managed to not only survive through the pandemic but thrive. But we’ve missed the chance to share these stories!” said Britt.

This sentiment reaffirms the importance of initiatives like Geoscience Australia’s Exploring for the Future, which has dedicated the last five years to discovering Australia’s resource and exploration potential. The program, which uses innovative techniques to gather new pre-competitive scientific data and information about the potential mineral, energy and groundwater resources in Australia, has been heralded a massive success.

Britt noted the program’s recent achievements.

“Australia’s world-leading resources sector plays a vital role in our nation’s ongoing prosperity and the resources sector has, and continues to be, a standout performer during the COVID- 19 pandemic,” said Britt.

Federal Minister for Resources, Water and Northern Australia, Hon. Keith Pitt, who will be speaking at IMARC, acknowledged the unparalleled contribution made by the resources industry through this crisis.

“Our industry is powering the Australian economy and at all levels of government we need to be loud and proud of what the mining industry has done and continues to achieve. “Mining has always been the lifeblood of the Australian economy,” said Minister Pitt.

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About

The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance, and the future. Now in its 8th year, it is Australia’s largest mining event, bringing together over 8,000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators, and educators from over 130 countries for three days of learning, deal-making and unparalleled networking. IMARC is developed in collaboration with its founding partners the Victorian State Government of Australia, Austmine, the Australasian Institute of Mining and Metallurgy (AusIMM) and Mines and Money.

For more information, please visit https://imarcglobal.com/

Media Contacts

Samantha Morgan
Head of Marketing
IMARC
samantha.morgan@imarcmelbourne.com

Peta Baldwin
PR Consultant
Cannings Purple
pbaldwin@canningspurple.com.au
+61 477 955 677