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Mining in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mining Market Research Report | ANZSIC B | May 2016

Digging deep: Increased output has caused prices to decline, hurting division revenue

IBISWorld’s Mining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$186bn
Annual Growth 11-16
-1.8%
Annual Growth 16-21
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Profit
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Employment
179,200
Businesses
7,062
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 - Starting a New Business Chapter

Entry barriers for new firms into the Mining division are relatively high. To enter the division, participants need to obtain the right to develop a resource, secure environmental approvals, access capital to fund development and have the expertise to execute plans. The need to market commodities successfully to major export markets is a further barrier. Established miners work to reduce demand risk by securing contracts for supply with major customers in advance of developing projects. Due to these barriers, activity within specific mining industries is dominated by global commodity companies.

High capital requirements to establish a new mine and purchase mining equipment present additional entry barriers to new mining companies... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Mining Industry?

The Mining division includes all operations mainly engaged in the extraction of minerals or hydrocarbons (oil and gas), exploration for minerals or hydrocarbons and the provision of a variety of services to firms engaged in these activities.

Industry Products
Coal miningOil and gas extractionOther metal ore miningIron ore miningNon-metallic mineral mining and quarryingExploration and other mining services
 
Industry Activities
Coal miningOil and gas extraction and miningMetal ore miningNon-metallic mineral ore miningOther mineral mining and quarryingServices to miningMining exploration servicesContract and mining support services


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