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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry SWOT Analysis Chapter

The industry is in the mature phase of its life cycle. In the past five years, it has expanded at a slower rate than both GDP and overall Mining division revenue. Industry value added, which measures the industry's contribution to the overall economy, is estimated to increase at an annualised 0.5% over the 10 years through 2020-21. This is a lower than Australian GDP growth over the same period, which is forecast at an annualised 2.8%. This means the Contract Mining Services industry will make up a smaller share of the overall economy in 2020-21 than it did in 2010-11.

Low industry growth reflects weaker ore prices and reduced outsourcing growth by mining companies in the past five years... 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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