Thursday, April 18, 2013
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This is an extract of a thesis report from our essay writing service. If you want to buy essay papers, please contact us for more information. Our essay writing service is well known throughout the United Kingdom and the United States. The Australian Mining division occupies an important place in the
nation’s economy. Although it is one of the smaller divisions, it is the
most important exporter.The Mining division is expected to generate
revenue of about $205 billion in 2011-12, up from $138.8 billion in
2006-07, yielding annualised growth of 8.1%. Revenue is expected to grow
by 7.2% in 2011-12, having already expanded by 20.7% in the previous
year as the division rebounded from the global financial crisis. The
Mining division is expected to generate about 8.0% of Australia’s GDP in
2011-12. Its 2,500 firms employ 243,152 people, paying about $32.9
billion in wages in 2011-12. The division’s net profit is expected to be
$59.03 billion in the current year.The Mining division is heavily
export oriented, with about $153.1 billion of output (or 74.7% by value)
of industry output exported with only minimal processing.