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 Investment Chapter

The Gold Ore Mining industry has a high capital intensity level due to high capital and depreciation costs associated with establishing and developing gold mining operations. Companies in the industry require extensive funding levels to invest in mining equipment, facilities, equipment, truck, vehicles, buildings and other capital components. In particular, the industry relies heavily on investment in open-cut and underground mining plant and equipment.

To calculate the capital intensity level for the industry, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for capital, while total industry wages are used as a proxy for labour inputs... 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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