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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

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
$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 Key Buyers Chapter

The Gold Ore Mining industry has a medium concentration level with the four largest companies estimated to account for 47.7% of industry revenue in 2015-16. The eight largest companies in the industry are estimated to make up for over 64% of industry revenue for the year. However, the industry is also characterised by a substantial number of small gold mining companies. Typically, firms that discover and begin to develop promising ore bodies are acquired by larger players, with ownership changes and restructuring being common across the industry over the past five years.

Industry concentration has decreased in the past five years, with the four largest firms accounting for over half of industry revenue in 2010-11... 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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