For most of the last decade, mining countries around the world have regarded Australia with wide-eyed, if faintly grudging, admiration. As a mineral-rich, politically stable Western democracy with a mature economy and skilled workforce on the doorstep of raw material-hungry Asian economies, Australia was ideally placed to net the rewards of the seismic upswing in global mineral demand which took place between 2000 and 2012. In step with what economists have labelled the "commodities supercycle", led by mushrooming growth in China, what emerged in Australia was a 10-year mining investment boom.
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