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Iron Ore Mining in Australia: Market Research Report

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

Iron Ore Mining Market Research Report | ANZSIC B0801 | Feb 2015

Steely demand: Chinese infrastructure boom has been boosting industry revenue growth

IBISWorld’s Iron Ore Mining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$77bn
Annual Growth 10-15
11.5%
Annual Growth 15-20
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Profit
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Employment
32,600
Businesses
39
Industry Analysis & Industry Trends

Over the five years through 2014-15, Iron Ore Mining industry revenue is expected to increase at an annualised 11.5% to $76.8 billion. Strong economic growth in large and developing nations, such as China and India, has increased steel production, fuelling demand for iron ore and contributing to high iron ore prices, particularly in the years prior to 2012-13. However, iron ore prices (denominated in US dollars) started falling in 2013-14, partly offset by a weaker Australian dollar. Overall, relatively high iron ore prices provided an incentive for Australian iron ore mining firms to increase production. This led to major capacity expansions and large-scale increases in Australia's iron ore output in the past five years... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry into the Iron Ore Mining industry are high. Large amounts of required capital are typically in the hundreds of millions of dollars to establish a new mine or acquire existing operations. Hancock Prospecting is in the process of building its own 344 kilometre rail network to transport iron ore to processing plants and it own port facilities. The cost of this type of infrastructure creates large entry barriers for firms with limited financial assets.

New entrants must obtain long-term contracts to gain some security, with the main iron ore buyers now based in China. This requires convincing buyers that the ore mined will be of suitable quality and that long-term supply can be guaranteed... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

Firms in the industry extract iron ore and iron ore sands, and carry out beneficiation processes to refine the mined ore. The industry also includes businesses that produce sinter and other agglomerates.

Industry Products
Lump oreIron ore finesIron ore pellets
 
Industry Activities
Iron ore dressing or beneficiatingIron ore miningIron sands mining


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