ranks second in its deposits of iron ore and bauxite and third
in its deposits of copper, lead and zinc ores. Besides, there are
significant reserves of coal, gas, uranium, nickel, titanium, gold and
diamonds. These discoveries increased the in flow of foreign capital
into the country’s economy.
For almost a century people said that Australia «was riding on the back
of a sheep», since the production and export of wool was the basis of
the country’s economy. Now, the country has moved from
« the back of a sheep on to a mining truck».
The need (requirement) of use of new technologies is constantly increased, and consequently today the industry includes new branches of a science and engineering, business administration and marketing.
Industry