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 Products Chapter
Although the Gold Ore Mining industry produces only one major product, gold, which is extracted from a variety of sources and processed in different ways to generate final output.
Archaean lode gold
The Archaean era is the geological era customarily defined as beginning between four billion years ago and ending about 2.5 billion years ago. This era accounts for the oldest rock formations on Earth. A lode is an ore deposit or vein within a fissure or crack of a rock, or within rock layers. Therefore, Archaean lode gold is gold that was formed several billion years ago within rock formations. In Australia, Archaean lode-gold deposits account for the highest proportion of gold reserves and mined output... purchase to read more