Industry Analysis & Industry Trends
Australia has a large supply of mineral, hydrocarbon and non-mineral reserves, which the Mining division extracts, processes and sells. These reserves are often of a high quality and close to the earth's surface, enabling Australia's Mining division to be price-competitive on a global scale. The division is export-oriented, with exports expected to account for over two-thirds of revenue in 2015-16. Division exports are projected to account for over three-quarters of revenue by 2020-21, on the back of the expected increase of natural gas exports.
The division's performance depends on pricing levels, the value of the Australian dollar, and global trends in supply and demand for commodities. As new supply takes years to develop, division operations are generally cyclical... purchase to read more
Industry Report - Industry Products Chapter
Metal ore, oil and gas, coal, non-metal ore and mining services are the major product and service segments within the Mining division. The composition of these product and service segments is expected to change substantially over the five years through 2015-16, and continue to change over the next five years. The most dramatic shift is expected to be the contribution of oil and gas extraction to the division's overall revenue at the expense of coal mining.
Iron ore mining
Since peaking in 2010-11, iron ore prices have trended downwards over the past five years, dropping substantially in 2013-14 and 2014-15... purchase to read more