Industry Analysis & Industry Trends
The industry's major product is salt. A large proportion of the salt is exported to chemical product manufacturing plants in Asia. Australia's salt production is expected to total 13.6 million tonnes in 2013-14, up from 11.3 million tonnes in 2008-09 due to increased output as final prices declined. Australia's salt output is estimated to account for 4.7% of global salt output in 2013-14, at approximately 290 million tonnes. Although Australia's salt production ranks behind that of the major producers, it is the world's largest exporter of salt. Unlike most other salt-producing countries, Australia exports the bulk of its salt production. Other important industry products are phosphate, silica, gypsum and magnesite.
The industry is estimated to generate revenue of $859.3... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Salt and Other Mining industry has a medium concentration level, with the four largest companies estimated to account for 49.9% of industry revenue in 2013-14. This high level is due to a small number of major companies having a large presence in the industry, such as Rio Tinto's major share of salt mining, and Phosphate Resources Limited's extensive phosphate mining activity.
Economies of scale play a major role in industry activity, particularly for salt mining. Mining companies in the industry tend to require extensive operations to optimise output levels and maximise revenue and profit. However, company and industry performance is also greatly influenced by pricing levels for various minerals, which are determined in global markets or via contract negotiations... purchase to read more