The Victorian Government is building strategic trade alliances with mining economies across Asia, Latin America, the Middle East and Africa to create new opportunities for partnerships between local and international businesses.
Victoria's leadership in the mining sector
Melbourne serves as the headquarters for seven of the largest 20 ASX listed mining, metals and materials companies led by BHP Billiton, Rio Tinto and Newcrest Mining. These companies have an annual revenue of A$116 billion (2019).
Victoria’s mining and METS sector produces a variety of commodities, including brown coal (lignite), gold, mineral sands and base metals. Additionally, Victoria has the only antimony mine in the country. Victoria is also a national hub for METS exports, with strong manufacturing and engineering capabilities operating in both metropolitan Melbourne and in regional hubs such as Geelong, Ballarat and Bendigo.
Melbourne is also a key financial and business centre and capital resources market in the Asia pacific region that complements its competitive advantage in mining.
It is this comprehensive suite of capabilities that defines Melbourne as a global hub for the mining and mining services industry. Deloitte Access Economics estimates that in Victoria, the mining and METS sector directly contributed A$8.2 billion in value added to the state economy in 2015-16 and supported approximately 88,000 full-time equivalent (FTE) jobs. The indirect economic contribution to Victoria is estimated to be A$5.4 billion, supporting approximately 33,700 jobs in FTE terms.
The total direct and indirect contribution of A$13.6 billion in value added represented 4 per cent of economic activity in Victoria in 2015-16. Victoria’s METS companies are highly internationalised and export their products and services all over the world, including emerging economies in South America, Central Asia and Middle East.
International Mining and Resources Conference 2020
Australia’s mining and METS credentials, coupled with Melbourne’s global reputation provides the perfect partnership for delivering the first virtual International Mining and Resources Conference (IMARC). IMARC is now a focal point for businesses in the Asia Pacific region and will present what this important sector has to offer.
IMARC 2020 will take place as an entirely virtual event for 2020. To be held between 24 and 27 November and over several global time zones, IMARC Online includes all the components participants have come to expect, including keynote presentations, best practice case studies, round table discussions, networking, private meetings and a dynamic virtual EXPO, in addition to a series of co-located online events.
Global Victoria is pleased to support more than 25 emerging Victorian SMEs to exhibit their products and services, and to work with our international office network to connect our industry with global opportunities.
A global leader in Mining Equipment, Technology and Services
Victoria is a global leader in the delivery of product and service solutions for the Australian and overseas resources sectors. Victoria’s strengths in the METS sector are built on more than 150 years of mining heritage, a highly skilled workforce and Victoria’s proven capabilities in:
- Mineral exploration
- Mining products
- Engi neering consulting
- Information and communication technology
- Financial services
- Professional services including legal services and recruitment.
An innovative research and development ecosystem
Victoria’s innovation ecosystem encompasses world class research and development infrastructure, including:
- the Commonwealth Scientific and Industrial Research Organisation (CSIRO) – Australia’s national science agency
- the Australian Synchrotron – the largest particle accelerator in the Southern Hemisphere, which has greatly contributed to the improvement of the alumina production process, and was used to help map the molecular structure of the COVID-19 virus during the ongoing pandemic
- a strong academic community of leading universities including the University of Melbourne, RMIT and Monash University – which includes a Minor in Mining Engineering as part of a Bachelor’s in Engineering degree
- a METS hub and business accelerator announced in the 2019-20 Victorian State Budget to support small and medium enterprises in the mining sector to innovate and grow
Heart of Gold
Victoria’s gold prospects are well established with the state’s largest mine at Fosterville producing some of the highest grades recorded globally in recent times and minerals exploration reaching record levels over the last four years.
Discover how your business can import from Victoria
- Our network of Victorian Government Trade and Investment (VGTI) offices are located around the globe and provide tailored market intelligence, insights and guidance for your importing business and investment in Victoria. VGTI can also connect you with Victorian exporters and industry partners.
- Austrade provides information on investing in the professional services industry in Australia.
- The Export Council of Australia provides up-to-date information and the latest research on trade policy.