Opposition Leader Anthony Albanese believes Australia's low carbon future will present new opportunities for the mining industry rather than hastening its demise.
Mr Albanese will outline Labor's vision for the sector in a speech to the Australian Minerals Council in Canberra on Wednesday.
While traditional resources exports such as iron ore, metallurgical and thermal coal would remain strong for some time, new opportunities will emerge mining the resources needed for electric vehicles and batteries.
"That means there is a very bright future for exports in areas like aluminium, lithium, copper, cobalt, nickel and rare earths," he said.
"Just as there is a bright future for solar and wind power, given our nation has abundant supplies of both."
Mr Albanese will attempt to shore-up his party's relationship with the mining industry when he takes his shadow ministry to Port Headland this month.
The trip aims to demonstrate how the region's mining sector is embracing renewables as part of a strategy to reduce power costs.
"BHP, for example, has a renewable power purchasing agreement to meet half of its electricity needs across its Queensland coal mines from low-emissions sources, including solar and wind, within five years," he said.
"Fortescue has set aside $400 million to help fund its ambitious plan to build at least 300 gigawatts of renewable generation to produce hydrogen for electric generation around the world."
Mr Albanese argued the same strategy can be applied to the broader economy.
In particular, Labor will leverage the growth of renewables to 'reinvent Australian manufacturing' in regions such as the Hunter.
"It's no longer good enough to ship raw materials to overseas markets then buy back manufactured goods at a premium. We can do better." Mr Albanese said.
A key plank of the strategy is a proposed $15 billion National Reconstruction Fund.
Modelled on the Clean Energy Finance Corporation, the fund will provide loans, equity injections and lending guarantees to companies that see a future in making things in Australia.
