Industry Analysis & Industry Trends
Australia dominates world output of the major mineral sands. In 2013-14, its mineral sands production is expected to be about 500,00 tonnes of synthetic rutile, 450,000 tonnes of rutile, 2.3 million tonnes of ilmenite, 900,000 tonnes of zircon and 40,000 tonnes of leucoxene. Over half of this production is expected to 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 $2.1 billion in 2013-14. This is up from $1.7 billion in 2008-09, resulting in an annualised increase of 4.3% over the past five years. Profit is also estimated to have increased over this period to account for 29.3%... purchase to read more
Industry Report - Starting a New Business Chapter
Entry barriers to Mineral Sand Mining industry are high and increasing due to large capital requirements to establish operations. Start-up costs for a new mining or dredging operation can total hundreds of millions of dollars. Generally, only large companies with access to substantial amounts of capital are able to either purchase existing mining enterprises or start new operations. However, companies can raise funds on the stock market or raise funds by issuing debt.
In addition, the industry is subject to considerable demand and price volatility. Only firms with sufficient capital to ride out periods of low demand and weak prices are likely to survive... purchase to read more