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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

The Gold 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
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 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

 


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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