Industry Analysis & Industry Trends
Australia dominates world output of the major mineral sands due to large natural reserves and extensive mining sites. Mining volumes and prices of the various mineral sand products have generally increased in the past five years. Exports are expected to account for almost half of total production and are sold mainly to pigment manufacturers, although zircon is primarily sold to producers of refractory bricks (used in metal smelting operations). The largest export market is China.
The Mineral Sand Mining industry is expected to generate revenue of $2.5 billion in 2014-15, up from $1.8 billion in 2009-10, resulting in an annualised increase of 5.9% over the past five years. Profit has also increased over this period to account to 21.0%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Mineral sand mining has the characteristics of a growth industry. This is due to strong industry revenue growth in the past five years. Further, industry value added, which is the industry's contribution to national GDP, is estimated to increase at an annualised rate of 4.8% in the 10 years through 2019-20. This is higher than the growth rate of Australia's GDP over the same period at an estimated 2.7%. The industry's high value added growth is also due to high profit margins.
The bulk of production is accounted for by well-established industry operations. However, production volumes are quite volatile and have generally declined in the past five years... purchase to read more