Looking at Australia’s largest exports, it is easy to understand why the most mining operations in the country are large-scale. Selling handfuls of iron ore, nickel or aluminium would be counterproductive, as the big players will easily devour that small share of the market. Small-scale mining, on the other hand, is the kind of modest operation that has the potential to grow big.
It is not unheard of in Australia to start digging for more precious minerals. An international organisation is already supporting the movement, providing the sub-sector the much-needed boom. Furthermore, artisanal rocks attract a certain kind of crowd who are willing to pay a certain amount of money. The Land Down Under is vast, and the potential to find lands rich in rare deposits is just as big.
Encountering Problems from the Outset
Whether to a big mining player or a local enterprise, it will be challenging to set up a small-scale mining site. Small players and prospectors are already locking horns in Western Australia over lands fertile with expensive materials. The environmental footprint is still an issue, even though the operation is small. In addition, there is also the chance small-scale mines will not be as successful as the ones in Africa.
Nonetheless, there are still ways to ease initial processes. First off, there is a management software for mining assets to help with the entire operation. Second, most of the land conflicts are local. The country is big, and where no one is looking, there may be treasures. Lastly, it is still possible to enlist the help of the locals and support their livelihood in the process.
Focusing on Efficiency
It has been four years since the apex of the Australian mining boom. The big players are already settled, and new large-scale operations are now scarce. Instead, they are focusing on efficiency maximisation and making sure all assets are working perfectly and that yields are constant.
The aforementioned assistance does help in managing big mines, so one could wonder how well it could do with artisanal mines. It will be a challenge to start such an operation in a country where the industry prioritizes large mines. Nonetheless, it is growing and it is always better to get ahead.
Australia will remain a mining country for a long time, and who knows where it will be down the line. Get in the small trends and reap the benefits of being an early mining bird.