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 | Feb 2015

Safe assets: Economic uncertainty has boosted the popularity of gold and industry revenue

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
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

Gold ore mining is an industry well established in Australia, and has undergone a strong period of growth over much of the past decade. This growth has stemmed 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 provided a massive boost for the industry. In the five years through 2014-15, industry revenue is expected to increase at an annualised 3.4%.

As the value of global financial assets and currencies tumbled in the wake of the global financial crisis, investors across the world turned to gold as a safe monetary asset... 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 53.6% of industry revenue in 2014-15. The eight largest companies in the industry are estimated to make up for 69.0% 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.

Industry concentration has increased in the past five years, with the four largest firms accounting for almost half of industry revenue in 2009-10. This reflects the takeover and merger activity played out on the global stage as firms have sought economies of scale to minimise mining costs per gold ounce... 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 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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