Overview

Rock bottom: Falling commodity prices and lower global demand drive revenue down

IBISWorld’s Mineral Exploration 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

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
2012 - 2017
-20.7%
Annual Growth
2017 - 2022
Profit
Employment
3,490
Business
1,849

Industry Analysis & Industry Trends

The Mineral Exploration industry's role in the mining supply chain is to identify a pipeline of economically proven resources for the future development, production and export of minerals. Mineral explorers locate ore bodies that can be mined, and provide data so that companies can evaluate the viability of deposits. Industry activity is often taken as a lead indicator for mineral output and the industry's performance moves ahead of extraction industries in the Mining division. Spending on exploration activities is influenced by the global prices of different mineral commodities, the strength of the Australian dollar and sentiment in the Mining industry...

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Industry Report - Industry Investment Chapter

The industry displays a moderate level of capital intensity. In 2016-17, for every dollar invested in capital, an estimated $3.52 is spent on wages. Industry players invest in a range of capital machinery and equipment that is used for drilling, testing and transport. Although some firms lease this machinery and equipment to reduce their initial and ongoing capital costs, most companies buy this equipment and depreciate it over its useful life.

While industry participants do invest substantially in capital equipment, they also rely on highly trained employees. Skilled workers such as mechanical engineers are required to operate and maintain equipment, while geologists are needed to guide and interpret exploration results. Exp..

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Industry Products

What is the Mineral Exploration Industry?

Industry firms explore for minerals either on their own account or on a contractual basis. The industry excludes firms that explore for crude petroleum and natural gas.

Industry Products
Iron ore exploration
Gold exploration
Base metals and silver exploration
Coal exploration
Uranium exploration
Mineral sand exploration
Diamond exploration
Other mineral exploration
Industry Activities
Iron ore exploration services
Gold exploration services
Coal exploration services
Base metal exploration services
Other mineral exploration services

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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