Mining industry Summary: The mining industry is Australias leading industry providing a significant contribution to the economic growth.

The performance of mining companies reflects on the ASX for a majority of other investment groups. Hence a clear prediction of the trend of mining companies is essential to make strong financial investment decisions. This report performs a financial analysis and evaluation of the mining company Lynas Corporation Limited in comparison to its peers in market capital size; Sims Metal Management and Atlas Iron Limited. We have worked on financial ratios like current ratio, acid test ratio, price earnings ratio, rate of returns on total assets & rate of return on ordinary share holder equity to determine the overall standing. We also used trend percentages of the companys total assets and total liabilities to get an estimate of its split in properties. Finally we use industry research and integrate all the information we have gathered to come to a clear understanding of which of these companies show a better performance and offers a safer and profitable investment option. This report is based mainly on the financial information provided in Financial analysis over the past 5 years.