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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 | Sep 2016

Poles apart: Surging output has lowered the world price of iron ore, reducing 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
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

Over the five years through 2016-17, the Iron Ore Mining industry's revenue is expected to decrease at an annualised 5.4%, to $52.1 billion. Early in the period, strong economic growth in China increased iron ore mining development and drove greater steel production. This fuelled demand for iron ore and contributed to high world iron ore prices. Industry revenue declined in 2012-13, due to higher global iron ore supply and reduced Chinese demand. However, it rebounded in 2013-14, on the back of a weaker Australian dollar, higher output, low Chinese inventories and increased Chinese steel output.

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

Industry Report - Industry Investment Chapter

The Iron Ore Mining industry is highly capital-intensive, as illustrated by the large share of depreciation as a proportion of industry revenue. Significant capital costs are required for heavy earthmoving equipment, buildings, vehicles and transport networks. Companies are required to invest major funds into these areas to achieve economies of scale, which minimise marginal costs and maximise profit.

For each dollar required for labour inputs in 2016-17, approximately $0.94 will be invested in capital plant and equipment during the year. The industry's overall capital spending has increased over the five years through 2016-17, as new mines were developed or existing ones were expanded... 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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