Australian Industrial Revolution (Gold Rush) By meg_stevens Jan 1, 1850 Opening of goldfields. Jan 1, 1851 More wealth and a Hgher population due to the New South Welsh and Victorian Gold Rushes. Jan 1, 1855 In Ballarat alone, there were 13 steam engines used to pump out water to the gold mines. Jan 1, 1856 In Melbourne, Scott Clow and Prebble opened the first cast-iton foundry. Jan 1, 1858 In Ballarat alone, there were 135 steam engines used to pumped out water to the goldmines. Jan 1, 1860 In Melbourne, Enoch Hughes created a rolling mill. Jan 1, 1861 Eight Foundries were used for mining equipment and two were used for repairing farming equipment in Ballarat. Jan 1, 1861 In Ballarat along, there were 342 steam engines used to pump out water to the goldmines. Period: Jan 1, 1891 to Jan 1, 1892 Industrialisation slowed down due to a severe recession in Australia.