Australia Welcomes Foreign Investment
Australia’s abundant mineral resources, sophisticated mining equipment, technology and services industry, and proximity to rapidly growing Asian markets, have made it a world leading mining nation with an investment pipeline of A$430 billion.
In 2011, Australia’s energy and mineral commodity exports rose to a record A$190 billion, a 15 percent increase on the previous year, signifying continued strong demand for minerals and commodities and confidence Australia’s mining sector can deliver.
Sophisticated Mining Equipment, Technology and Services
The scale of Australia’s mining and resources industry has enabled it to develop a sophisticated mining equipment, technology and services sector. Australia is highly competitive right across the spectrum, including in the development of mining software and equipment; scientific analysis; exploration assessment technology; mineral processing technology; environmental services; and health and safety services and equipment.
Opportunities for Investment
Australia is ideally positioned within the Asia-Pacific, the fastest growing region in the world. Unprecedented demand for commodities from the region has driven high levels of investment in minerals exploration and development projects. This expanding market potential is backed up by Australia’s highly developed infrastructure, skilled workforce and strong focus on R&D and innovation – which makes Australia an ideal destination to establish operations.
Australian Government Support
The Australian Government welcomes foreign investment. The Government’s process for approving foreign investment applications is simple and streamlined with the large majority of proposals approved within 30 days. Comprehensive information on the foreign investment approvals process is available at www.firb.gov.au and officials from the Australian Foreign Investment Review Board welcome questions from potential investors at any time.
Further information on investing in Australia is available through the Austrade website at http://www.austrade.gov.au/Invest/Opportunities-by-Sector/Resources and at Austrade offices throughout China.