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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 | Jul 2015

Export assistance: Depreciation of the Australian dollar has supported revenue growth

IBISWorld’s Gold Ore Mining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 11-16
1.2%
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 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 boost for the industry. Although world gold prices declined significantly in 2012-13 and 2013-14, the weak Australian dollar limited the declines for the industry. 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 - Starting a New Business Chapter

There are substantial entry barriers to the industry for new gold mining firms. These include the capital expenditure necessary to undertake exploration programs and fund mine development. Due to the high costs associated with developing and exploiting gold mines, many firms are publicly listed on the stock market to raise funds from shareholders. This can increase reporting requirements for firms to keep shareholders up-to-date with company developments. Also, long lead times from exploration to mining gold increase risks and entry barriers for small operators. Lower ore quality than expected can increase processing costs and reduce margins, further raising risks and entry barriers for new gold mining companies... 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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