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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 | Jan 2016

Struck gold: The low Australian dollar has boosted increased gold prices, and industry revenue

IBISWorld’s Gold 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
$14bn
Annual Growth 11-16
2.3%
Annual Growth 16-21
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Profit
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Employment
15,800
Businesses
623
Industry Analysis & Industry Trends

Gold ore mining is a well-established industry in Australia, and has undergone a period of growth over much of the past decade. In addition to price increases, this growth has stemmed from gold's status as a counter-cyclical commodity, meaning that it is viewed as a safe haven asset during national and global economic uncertainty. As a result, the onset of the global financial crisis and the recessionary environment that ensued provided a boost for the industry. Although world gold prices declined significantly in 2012-13 and 2013-14, the weak Australian dollar limited the industry's decline. As gold is traded in US dollars, the low dollar also benefited the industry in 2014-15 and will contribute to price increases in Australian dollars in 2015-16... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Gold Ore Mining industry is in a mature phase of its life cycle. This is indicated by higher production volumes, an easing in gold prices and small increases in the number of mining companies operating in the industry. Over the 10 years through 2019-20, industry value added, which is the industry's contribution to national GDP, is estimated to increase at an annualised 0.4% due to wages growth, increased capital investment, and higher production costs, as well as steady average revenue growth. This growth rate is lower than Australia's expected GDP growth over the same period of 2.6%.

Gold production in Australia is expected to increase at an annualised 0.6% in the five years through 2015-16... 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 done by flotation extraction methods. Some companies dredge for gold or rework tailings for gold.

Industry Products
Archaean lode gold dore barsRecent lode gold dore barsCopper-gold dore barsIron oxide copper-gold dore barsOther gold dore bars
 
Industry Activities
Open-cut and underground gold miningGold dore bar productionGold dredging and miningRoasting and flotation extraction of gold oreReworking of tailings for gold


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