Beginning of Modern Gold Rush (1 ene 1998 año – 1 ene 2020 año)
Descripción:
- In 1998, Australia managed to export 503,00 kg of gold, initiating a modern gold rush across Australia which has continued to present-day, caused by the discoveries of gold deposits.
- Became the catalyst for the mining industry boom throughout the 21st century and its expansion to exporting internationally in huge export amounts due to increased supply and demand.
- It Initiated a boom that made Australia into a top producer of mining and successful ties with the Asia Pacific.
- However, this created an inconsistent 'bubble' where Asian countries would consistently purchase Australian minerals until any disruption of trade stopped the export, causing the 'bubble' to burst, a loss of income for many local mining industries.
Añadido al timeline:
fecha:
1 ene 1998 año
1 ene 2020 año
~ 22 years