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Gold Ore Mining in Australia: Market Research Report

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

Gold Ore Mining Market Research Report | ANZSIC B0804 | Aug 2014

Go for gold: High commodity prices and increased output will support industry growth

IBISWorld’s Gold 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
$12bn
Annual Growth 10-15
3.2%
Annual Growth 15-20
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Profit
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Employment
15,700
Businesses
623
Industry Analysis & Industry Trends

Gold ore mining is a well-established industry in Australia, with origins dating back to the gold rushes of the mid- to late 1800s. The industry has undergone a strong period of growth over much of the past decade. This growth stems from gold's status as a counter-cyclical commodity, meaning that it is viewed as a safe haven asset during times of national and global economic uncertainty. As a result, the onset of the global financial crisis and the recessionary environment that ensued set up provided a massive boost for the industry. As a result, in the five years through 2014-15, industry revenue is expected to increase at an annualised 3.2%... purchase to read more

Industry Report - Industry Analysis Chapter

Most of Australia's gold production comes from open-cut mines that use large earthmoving equipment, first to remove waste rock and overburden that is covering the gold bearing ore, and then to mine the ore. The ore and overburden are blasted to enable handling and transportation to a crusher, and overburden is disposed of. Underground mining is carried out when gold ore is located so far below the surface that open-cut mining is not viable. Miners are transported via vertical shafts into and out of the mine. These mines also provide ventilation and roadways for hauling the waste rock and ore to the surface. Sometimes open-cut mines are unable to extract all the recoverable gold ore. In that case, underground mines may be developed underneath the worked-out open pit... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Gold Ore Mining Industry?

Companies operating in the industry mine gold-bearing ore. Some firms also carry out beneficiation processes, which are basic, preliminary processes that gold ore is put through prior to smelting and refining. This can be carried out by flotation extraction methods. Some companies dredge for gold or rework tailings for gold.

Industry Products
Archaean lode goldRecent lode goldCopper-goldIron oxide copper-goldOther gold
 
Industry Activities
Open-cut and underground gold miningGold dredging and miningRoasting and flotation extraction of gold oreReworking of tailings for gold


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