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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 | May 2015

Steady extraction: Iron ore demand and production will stabilise, boosting industry revenue

The Iron Ore Mining market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 10-15
7.2%
Annual Growth 15-20
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Profit
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Employment
30,300
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 7.2% to $63.1 billion. Strong economic growth in China increased development and drove greater steel production, fuelling demand for iron ore and contributing to high iron ore prices, particularly in the years prior to 2013-14. However, iron ore prices (denominated in US dollars) started falling in mid-2014 due to global iron ore oversupply, partly offset by a weaker Australian dollar. Overall, relatively high iron ore prices until this time provided an incentive for Australian iron ore mining firms to increase production to benefit from higher Chinese demand. 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 - Industry Key Buyers Chapter

The Iron Ore Mining industry has a high concentration level. The mines operated by the three largest firms are estimated to account for 83.0% of industry revenue in 2014-15. All major players have major operations in the Pilbara region of Western Australia. Rio Tinto and BHP Billiton have operated in the industry for over a decade, while Fortescue Metals Group is relatively new to the industry and has grown significantly in the five years through 2014-15. To a large extent, the high industry concentration level reflects the large size of individual mines and the importance of economies of scale for industry operators.

With these large firms dominating the industry, the concentration level has increased in the past five years, as few new major firms have entered the industry... 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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