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