Australia is a country with vast mineral wealth. This
fact, coupled with its stable political, legal and economic
environment, a highly skilled workforce, and a welcoming attitude
to foreign investment, has led to Australia being a favoured
destination for foreign investors.
Large scale foreign investment into Australia's mining
industry started in the 1960s by the USA and Japan, and
continues today with foreign investment in Australian mining
projects from China, India, Korea, Japan, the USA, the UK,
Brazil, South Africa and many other countries from all around the
Australia's resource wealth extends to a wide variety of
minerals, including copper, lead, zinc, gold, silver, nickel,
tin, uranium, rare earths, oil and gas to name just a few.
But it is Australia's bulk mineral commodities – coal
and iron ore – that have taken the spotlight in recent years,
provoking enormous interest from foreign investors.
This publication has been prepared by Corrs Chambers
Westgarth, a premium independent Australian law firm,
and a key adviser to foreign investors. This publication
gives an overview of the Australian coal and iron ore
industries and the key legal issues involved in investing
in or developing a mining project in Australia.
'Download' to read our full publication and find out
how we can help you develop your business in Australia.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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It is a common misconception that the grant of mining tenure, whether it be an Exploration Permit, Mineral Development Licence or Mining Lease, will entitle the holder to access all land within it in order to explore or mine.
This briefing note sets out a likely structure for the proposed privatisation of the networks and identifies key issues.
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