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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 2014

Insourcing: The end of expansion projects has reduced demand for industry services

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
$10bn
Annual Growth 10-15
3.6%
Annual Growth 15-20
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Profit
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Employment
21,832
Businesses
90
Industry Analysis & Industry Trends

Contract miners provide services that support mining production. Demand for industry services depends on the relative advantages that mining companies derive from outsourcing production, compared with controlling production in-house. Contract miners typically have access to a large pool of machinery and skilled employees that they leverage to win business. The strength of the Mining division is also a crucial factor in industry performance.

Over the past decade, demand for commodities has been strong. During these periods of strong demand, miners (the industry's client base) shift focus to planning new capacity. The core in-house functions undertaken by mining companies include exploration, supply chain management and marketing... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is in the growth phase of its life cycle. In the past five years, it has expanded far more rapidly than both GDP and overall Mining division revenue. Its growth reflects increased outsourcing by mining companies. Surging demand for minerals and high mineral prices from the early 2000s set provided a favourable climate for the Mining Support Services industry and led to strong growth in revenue through to 2011-12, with a tapering of growth since.

Industry value added, which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 2.4% over the 10 years through 2019-20. This is a much higher rate than GDP growth in Australia over the same period, which is forecast at a compound annual rate of 2.7%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Contract Mining Services Industry?

Firms in this 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 miningUnderground contract miningOil and gas extraction on a contract basis


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