Australian mining industry: objects in the rear view mirror may appear larger than they actually are

Australians believe that the mining industry is much larger than it actually is, according to a study by the Australian Institute. In the study released on Thursday, Australians were asked to estimate what percentage of the nations workers are employed by the mining industry. The average response was around 16 per cent, when according to the Australian Bureau of Statistics (ABS) the actual figure is 1.9 per cent. The survey also found Australians believe that mining accounts for more than one third (35%) of economic activity. However, ABS figures show that the mining industry accounts for around 9.2 per cent of GDP.

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South Australian Mining Sector to Train Aboriginal Job Seekers

Regional mining sites across South Australia will be able to partner with Registered Training Organisations to apply for funding to train Aboriginal job seekers, Government News reports.

Aboriginal Affairs and Reconciliation Minister Grace Portolesi said the Commonwealth will provide $500000 to the program in 2011-12 in addition to the state government’s equivalent amount. “The State Government is working with the Commonwealth, Aboriginal communities and industry to halve the gap in employment outcomes in the community between Aboriginal and non-Aboriginal people by 2018,” Ms Portolesi said.

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IAMGOLD and Newmont Mining Get Ron Paul’s Stamp of Approval

NEW YORK, NY -- (Marketwire) -- 09/06/11 -- For several decades, Ron Paul has warned of the collapse of the US Dollar. As reported in Barron's, the Republican Candidate "puts his money where his mouth is." Dr. Paul continues to invest heavily in gold-mining stocks as hedge against what the congressman calls "The Great Inflation."

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