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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 | Jan 2016

Pumping iron: Chinese industrialisation and trade agreements drive 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
$55bn
Annual Growth 11-16
-3.0%
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 3.0% to $55.1 billion. Early in the period, strong economic growth in China increased iron ore mining development and drove greater steel production, fuelling demand for iron ore and contributing to high world iron ore prices. Following a large 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 97.8% 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 1.5% 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 the Northern Territory and Tasmania. Although a high proportion of industry firms are based in New South Wales, these are generally exploration or holding companies that do not generate any iron ore output or revenue... 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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