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The Gillard government has anticipated a second mining boom, he says, and allocated spending in anticipation.
CNN: Australia: Losing 'know-how' economy?
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On the other hand, a second Chinese mining company operating in Peru, state-owned Chinalco, has so far behaved differently.
CENTERFORSECURITYPOLICY: Questionable Chinese mining practices in Latin America
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Second, mining firms need to watch for rising inflation.
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Vale is the second-largest mining company in the world that produces a wide range of metals, the largest being iron ore and nickel.
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One is for the large mining companies, which have excellent safety standards, and the second is for the medium-sized and small mining operations, which have lower standards.
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The Office for National Statistics, which produces the figures, did not have access to the industrial output, which includes energy production and mining, when it made its initial second-quarter GDP estimate.
BBC: Industrial output data falls by less than expected
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The planned merger of commodities trader Glencore and mining group Xstrata has moved a step closer after Xstrata's second-largest shareholder said it would back the deal.
BBC: Qatar backs Xstrata-Glencore merger
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Second, the promise of less regulation, which could help certain sectors like coal mining and oil exploration that have been under the wrath of Environmental Protection Agency (EPA).
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Their second largest holding is a small-cap miner that trades in the pink sheets called Avocet Mining.
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The reefs, the second biggest system in the world after Australia's Great Barrier Reef, are under threat from nickel mining on New Caledonia, Green groups say.
CNN: Green bid to preserve Pacific reef