Industry Analysis & Industry Trends
The industry's major products are salt and lithium minerals. A large proportion of the salt collected is exported to chemical product manufacturing plants in Asia, while lithium is also mainly exported. Australia's salt production is expected to total 13.6 million tonnes in 2015-16, up from 12.9 million tonnes in 2010-11 as miners increased output to offset low pricing growth. Although Australia's salt production volumes are lower than other major salt producing countries, it is the world's largest exporter of salt as it exports the bulk of its production. Other important industry products are phosphate, silica, gypsum and magnesite.
The industry is forecast to grow at an annualised 3.8% over the five years through 2015-16, to reach $2.0 billion. This includes a 5.5%... purchase to read more
Industry Report - Starting a New Business Chapter
Although entry barriers to the industry vary according to the product being mined, these are generally at a high level. Barriers to entry to the salt mining segment are high due to the process being extremely land-intensive, with most existing producers having close links with downstream salt processing and manufacturing companies. A new entrant would face the difficult task of gaining customers from a wholly owned or partly owned producer. Salt is generally produced to customer specifications, requiring considerable expertise to fulfil these requirements. Also, the lag between establishing an operation and the harvesting and sale of salt is considerable (over 12 months), requiring substantial sums of working capital... purchase to read more