Australian Antarctic Territory - Mining in Antarctica

Mining in Antarctica

For the past 20 years, Australia has been in debate on whether or not to allow mining on the mineral rich continent. Several mining proposals have been discussed and have all been rejected.

On the 9 August 2011, influential Australian think-tank, the Lowy Institute, published a report warning Canberra against complacency when it comes to its claim. The global treaty banning resource exploitation becomes reviewable in 2041, and some states may then decide to withdraw from it considering the continent's mineral deposits. These include coal seams, manganese, iron and uranium, while Antarctica's forecast oil reserves are estimated as among the largest in the world after Saudi Arabia and Venezuela. Lowy's national security fellow Ellie Fogarty said in the paper that Australia cannot adequately patrol its claim, lacking the kind of ski-planes it needs to reach some areas. It also lacks an ice-breaking ship in the region.