Peak of Agriculture and Rise of Mining (jan 1, 1970 – jan 1, 1989)

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- Australia reaches record wool production of 890,000 tons produced in 1970, however, the reliance continues to affect the industry with internationally low demand.
- In 1973, agriculture is the prominent export industry for Australia, sharing 44% of exports, with minerals second at 17.4%, being the peak of agricultural exports.
- Mining investments picked up in the 1970s and increased through 1980s allowing expansion of the sector.
- By 1989, Australia became the world's top coal producer and became a major export, demonstrating the rise and potential of minerals.

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