With around 13 percent of Australia’s economic demonstrated copper resources, New South Wales is one of the country’s premier jurisdictions for the exploration, mining and export of the red metal.
Though it’s well behind the top jurisdiction — South Australia, which almost totally dominates resources and output (69 percent) — New South Wales is unique in that it is home to dozens of smaller projects either in the exploration, development or production stages.
In 2018, AU$260 million was spent on copper exploration across Australia, well up on 2017, and a decent chunk of that was spent in New South Wales, which according to the state government, is home to up to 40 companies that are sniffing around the state looking for the next big deposit.
Besides the exploration happening, New South Wales is also home to some of the largest copper reserves in the country, such Northparkes and Cadia East, which are owned by China Molybdenum (HKEX:3993,OTC Pink:CMCLF) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF), respectively.
There are nine areas of copper-mining operations in the state, and between them they host 18 individual mine sites, making the state a tried-and-trusted jurisdiction for the mineral and investment.
Operations are clustered primarily in the central area of the state, between the outback cities of Broken Hill and Dubbo, but copper occurrences stretch across almost the entire state.
According to the Fraser Institute’s most recent survey of mining companies, New South...
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