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 world.
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.
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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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