Foreign Minister Bob Carr has committed $4.9 million in funding for the World Bank's Extractive Industries Technical Advisory Facility to help encourage mining in Africa.
On Friday Carr said exports of oil, gas, and minerals were worth over nine times more than what Africa received in aid, and further developing the resources industry was key for the continent.
"This represents an opportunity for developing countries to use their mining wealth to drive their future prosperity," he said in a statement.
Carr said Australia had "world leading expertise" in the mining industry that it could share with African countries to help spur their local industries.
Carr also has plans to meet around 17 African mining ministers at the Africa Down Under conference in Perth later this month.