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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 2016

Minimising margins: Industry profit has declined over the past five years as prices fell

IBISWorld’s Iron Ore Mining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$52bn
Annual Growth 11-16
-4.1%
Annual Growth 16-21
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Profit
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Employment
27,900
Businesses
37
Industry Analysis & Industry Trends

Over the five years through 2015-16, the Iron Ore Mining industry's revenue is expected to decrease at an annualised 4.1% to $52.1 billion. Early in the five-year period, strong economic growth in China led to increased iron ore mining development and drove greater steel production. This fuelled demand for iron ore and contributed to high world iron ore prices. Following a revenue decline in 2012-13, due to reduced Chinese demand, industry revenue rebounded in 2013-14 on the back of a weaker Australian dollar, higher output, low Chinese inventories and increased Chinese steel output.

However, iron ore prices (denominated in US dollars) started falling in mid-2014 due to a global oversupply... purchase to read more

Industry Report - Industry Locations Chapter

The geographic spread of iron ore revenue and output reflects the location of the mineral resource. Nearly all of Australia's iron ore is mined in Western Australia (about 98.7% of industry revenue estimated in 2015-16) and a high proportion of this output is exported. Small quantities of iron ore are mined in South Australia (about 1.0% of industry revenue estimated in 2015-16), with production used by local steel producers as well as destined for export markets. The balance is from Tasmania.

The importance of South Australia had increased in the past decade, due to a decision by Arrium Limited (formerly known as OneSteel Limited) to develop and mine a magnetite iron ore resource in that state... 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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