Abstract: This paper deals with the natural background, the conditions and problems of mining development, and the present mining investment situation in Australia. On such a basis, the main risks of the mining development in Australia are analyzed, and some suggestions related to the investment in mining industry in Australia are put forward. The authors hold that the Chinese investors should understand the current situation, clarify investment ideas and optimize the investment strategy so as to gain advantages in the fierce international mining investment competition and establish a completely new image of Chinese enterprises at the world economic stage.