Industry Analysis & Industry Trends
Australia dominates world output of the major mineral sands. In 2012-13, its mineral sands production is expected to be about 450,000 tonnes of rutile, 1.3 million tonnes of ilmenite, 600,000 tonnes of zircon and 230,000 tonnes of leucoxene. The bulk of this production will be exported, 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 $1.0 billion in 2012-13. This is down from $1.3 billion in 2007-08, resulting in an annualised decline of 3.9% over the past five years. Profit is also estimated to have fallen over this period, but has been highly volatile... purchase to read more
Industry Report - Industry Investment Chapter
The Mineral Sand Mining industry is capital intensive. This is highlighted by the ratio of depreciation charges to wages. At about 1:1.4, it is well within the range for high capital intensity. Most of the industry's capital is tied up in heavy earth-moving equipment such as dredges, as well as processing facilities. The industry's net capital spending typically amounts to about $200 million per year... purchase to read more