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 Investment Chapter
The Mineral Sand Mining industry is highly capital intensive. Most of the industry's capital is tied up in heavy earth-moving equipment such as dredges, as well as processing facilities. While the industry has a relatively small workforce, industry wages are high. However, total industry wages only account for a small proportion of industry revenue each year compared to capital inputs.
To calculate the industry capital intensity level, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for labour, while industry wages are used as a proxy for wages. In 2014-15, depreciation is estimated to account for 11.3% of industry revenue, with industry wages estimated to make up for 18.2%... purchase to read more