1.  Gold and lithium mining is prompting a mining revival in Australia, a record said.
2.  The record, launched by Melbourne working as a consultant firm Pricewaterhouse Coopers (PwC) on Wednesday, said that the Australian mining industry has actually experienced the worst of the industry slump and also is now on its means back up once again.
3.  PwC said that market price for the 50 medium-sized miners on the Australian stock exchange raised virtually 25 percent from 2015 to 33 billion UNITED STATE dollars in 2016 with gold companies making up nearly half the market worth.
4.  The record claimed the average Australian gold cost climbed 9 percent in 2016 to more than 1,300 UNITED STATE bucks per ounce, triggering the value of gold companies within the mid-50 miners to soar by an average of 158 percent because 2015.
5.  Regardless of the growth in value the firms recorded an aggregate after-tax loss of 750 million U.S. bucks and also 1.5 billion UNITED STATE bucks of problems, below 4 billion U.S. dollars in impairments in 2015.
6.  Chris Dodd, head of mining in Australia for PwC, stated there had actually been a pickup in deals, specifically in the gold and lithium industries.
7.  " https://www.irooildrilling.com believe we have seen all-time low of the marketplace. There are a boost in the quantity of invest that companies want to place both right into capital expenditure as well as dividend returns," Dodd said on Wednesday.
8.  " We are seeing a boost in the level of merging task or acquisitions that are playing out in the marketplace, as well as we are simply seeing an overall confidence in the ability to elevate money on markets."
9.  Dodd stated he anticipated a mild downturn in the variety of deals done in 2017, specifically in between gold companies due to higher costs.
10.  " It's likely the gold groups are most likely fairly totally valued for current prices, to make sure that comes to be difficult for deals to occur," he told the Australian Broadcasting Firm (ABC).
11.  Lithium and graphite markets have actually been provided significant increases by the advancement of new technologies such as smart phones which make use of the materials.
12.  " Where are actually seeing activity ... is around the lithium and also graphite market," Dodd claimed.
13.  " It certainly shows indications of being like the iron ore boom in terms of the thrill to develop supply to meet need and also whether we overshoot the mark there is once again a threat that the sector has to take into consideration."
14.