Gold Ore Mining in Australia

Overview

Gold standard: The low Australian dollar has increased gold prices and industry revenue

IBISWorld’s Gold Ore Mining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Rising production costs and higher transportation costs are expected to cause profit declines
  • Gold is considered a safe haven investment during periods of economic uncertainty
  • More firms are expected to enter the industry due to its potential for high returns

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    Industry Analysis & Industry Trends

    The Gold Ore Mining industry has performed moderately well over the five years through 2016-17, greatly influenced by global economic conditions. Gold ore mining is a well-established industry in Australia and it has undergone growth over much of the past decade. This growth has stemmed from price increases and gold's status as a counter-cyclical commodity, meaning that it is viewed as a safe haven asset during national and global economic uncertainty. As a result, the global financial crisis and the recessionary environment that ensued provided a boost for the industry.

    As the value of global financial assets and currencies plummeted due to the global financial crisis, investors across the world turned to gold as a safe monetary asset...

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    Industry Report - Industry Investment Chapter

    The Gold Ore Mining industry has a high capital intensity level due to high capital and depreciation costs associated with establishing and developing gold mining operations. Companies in the industry require extensive funding levels to invest in mining equipment, facilities, equipment, truck, vehicles, buildings and other capital components. In particular, the industry relies heavily on investment in open-cut and underground mining plant and equipment.

    For each dollar required for labour inputs, approximately $0.87 is expected to be invested in capital plant and equipment during 2016-17. This indicates the industry has a high capital intensity level. The..

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    Additional Insights for the Gold Ore Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gold Ore Mining Industry are

  • Availability of resource
  • Ability to forward sell production when appropriate
  • The age and type of the mine

    • IBISWorld analysts also discuss how external factors such as World price of gold and Demand from gold and other non-ferrous metal processing in the Gold Ore Mining industry impact industry performance..

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    Industry Products

    What is the Gold Ore Mining Industry?

    Companies operating in the industry mine gold-bearing ore. Some firms also carry out gold ore beneficiation processes, which are basic and preliminary processes that occur prior to smelting and refining. This can be done through flotation extraction methods. Some companies dredge for gold or rework tailings for gold.

    Industry Products
    Archaean lode gold dore bars
    Recent lode gold dore bars
    Copper-gold dore bars
    Iron oxide copper-gold dore bars
    Other gold dore bars
    Industry Activities
    Open-cut and underground gold mining
    Gold dore bar production
    Gold dredging and mining
    Roasting and flotation extraction of gold ore
    Reworking of tailings for gold

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of gold
  • Demand from gold and other non-ferrous metal processing
  • US dollars per Australian dollar
  • World GDP

    • Current Performance
  • Chart: Revenue Growth

    • Industry Outlook
  • Table: Gold Ore Mining Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gold Ore Mining Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Gold and Other Non-Ferrous Metal Processing
  • Audio Visual Electronic Equipment Manufacturing
  • Jewellery Manufacturing

    • Key Selling Industries
  • Basic Inorganic Chemical Manufacturing
  • Contract Mining Services
  • Mining and Industrial Machinery Wholesaling
  • Pipeline Transport

    • Products & Services
  • Archaean lode gold dore bars
  • Copper-gold dore bars
  • Recent lode gold dore bars
  • Iron oxide copper-gold dore bars
  • Other gold dore bars
  • Chart: Gold Ore Mining Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Domestic gold processors and refiners
  • Export markets
  • Chart: Major Market Segmentation for the Gold Ore Mining Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Contract services
  • Purchases
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Gold Ore Mining

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gold Ore Mining Industry

    • Industry Globalization
    Major Companies
    Newmont Australia Holdings Pty LtdNewcrest Mining LimitedGold Fields LimitedEvolution Mining LimitedAngloGold Ashanti Australia LimitedBarrick Gold Corporation
  • Table: Newmont Australia Holdings Pty Ltd - financial performance
  • Table: Newcrest Mining Limited - financial performance
  • Table: Gold Fields Limited - financial performance
  • Table: Evolution Mining Limited - financial performance
  • Table: AngloGold Ashanti Australia Limited - financial performance
  • Table: Barrick Gold Corporation - financial performance

    • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gold Ore Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Gold Ore Mining Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Gold Mine Output (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Concentrate
  • A fine, powder-like product containing the valuable ore, from which most of the waste matter has been eliminated.
    • Dore Bars
  • Semi-processed gold bars containing approximately 80.0% to 90.0% pure gold. These are often made at processing facilities at gold mining sites and transported to refineries for further refining.
    • Heap Leaching
  • A process to extract gold from ore by dissolving it in a weak cyanide solution and then recovering the gold.
    • Open-Cut Mining
  • A type of surface excavation in the form of an inverted cone. The shape of the mine opening varies with the shape of the mineral deposit.
    • Troy Ounce
  • An imperial measure to weigh precious metals and still used today for gold, platinum and silver. One troy ounce equals just over 31.1 grams.

    • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gold Ore Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gold Ore Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gold Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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