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Australia is one of the world’s largest mining resource producers, a key market for opportunities for UK mining and mining-related businesses. The Australian resources industry is in the midst of great expansion, a large and diversified industry approaching £100bn in size across energy, base metals, precious metals and their ores. A boom decade has brought much competition and winning business is a tough game.
However, in a rapidly capital-intensifying industry, the UK’s strengths in high-technology goods, in professional and other services, its strong cultural, institutional and existing business ties, and the competitive exchange rate for the British pound, bring real opportunities for British businesses.
Linda Miles, UKTI Australia’s mining lead and Ian Hamilton, the British High Commission’s Senior Economist in Australia will look at the broad economic backdrop, the current status of the mining boom and specific areas of UK opportunity.