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 Key Buyers Chapter
The Mineral Sand Mining industry has a medium concentration level with the four largest firms estimated to account for 62.0% of industry revenue in 2014-15. The industry concentration percentage has been highly volatile over the past five years. This has been due to major fluctuations in industry revenue and the merger of Exxaro and Tronox in 2012, as well as new companies entering the industry resulting in mineral sand volume changes from year to year.
The industry's medium concentration reflects the large minimum efficient size for a mineral sand mining operation. Economies of scale are therefore very important for companies operating in the industry, which includes mine scale and beneficiation processing scale... purchase to read more