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 Key Buyers Chapter
The Mining division has a low degree of concentration, with the top four enterprises accounting for an estimated 37.7% of revenue in 2015-16. This has declined in the past five years as BHP Billiton and Rio Tinto lost some market share due to divestments and as other companies expanded production. The division is dominated by a small number of large mining companies, which typically operate globally. Inside of specific mining industries, concentration is often high. However, due to the specialisation of companies within many of these industries, division concentration is medium.
Concentration varies across the individual industries within the division. Exploration industries tend to have low concentration due to low entry barriers and the large number of exploration firms... purchase to read more