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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

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
$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 Locations Chapter

The geographic spread of revenue in the Gold Ore Mining industry reflects the location of the mineral resource. The largest and lowest cost resources are typically exploited first, with the great bulk of Australia's gold production coming from mines in Western Australia. Almost 70.0% of industry revenue is derived from mines in the state, which is generated from just over half of the industry's gold mining establishments.

New South Wales, South Australia and Queensland are the other major producers. There has been some variation in these shares during the past five years, with Western Australia rising in importance due to lower production levels elsewhere. South Australia's share has also increased in the past five years due partly to the start-up of the Prominent Hill mine... 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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