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Contract Mining Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Contract Mining Services Market Research Report | ANZSIC B1099 | Jul 2015

Minefield: Lower commodity prices create cost pressures, curbing industry demand

IBISWorld’s Contract Mining Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 11-16
-2.9%
Annual Growth 16-21
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Profit
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Employment
21,620
Businesses
258
Industry Analysis & Industry Trends

Contract miners provide services to mining companies to support mining production. Demand for industry services is driven by the relative cost and output advantages that mining companies derive from outsourcing these processes, compared with controlling production in-house. Contract miners typically have access to a large pool of mining machinery and equipment, and skilled employees to meet client needs. The strength of Australia's Mining division is a crucial factor in determining industry performance.

Over the past decade, demand for commodities has been strong, particularly from markets in China and other export destinations. During periods of strong demand, mining companies (the industry's client base) tend to shift focus towards planning new capacity... purchase to read more

Industry Report - Starting a New Business Chapter

Industry entry barriers are high for new companies. In particular, a large amount of capital is required to establish contract mining operations. Firms need to invest heavily in large-scale equipment or have sufficient funds available to lease required equipment and machinery. Work tends to be won by firms with an established track record in the industry that offer a competitive price. Further, gaining access to experienced and skilled staff can be an entry barrier for new contract mining companies as experienced and knowledgeable staff command high wages.

The industry requires substantial working capital to maintain operations and to acquire or lease mining equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Contract Mining Services Industry?

Firms in the industry carry out stages of a mining operation as third parties on a fee or contract basis. Contract miners supply both machinery and skilled employees required to undertake activities on site.

Industry Products
Surface contract miningUnderground contract miningOil and gas extraction
 
Industry Activities
Surface contract mining servicesUnderground contract mining servicesOil and gas extraction on a contract basis


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