Mining - Market Research Report

error_outline Covid-19 Impact Update - Mining in Australia

IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

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Activity across the Mining division is expected to be moderately affected by COVID-19. While some large mining companies have indicated they are proceeding with annual production targets, others are expected to cut production and output as demand declines.

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Making up around three-quarters of division revenue, black coal, oil and gas, and iron ore are all projected to decline in 2019-20. However, these industries had been expected to contract for the year prior to the outbreak of COVID-19, due to slower demand growth from China, and lower pricing. COVID-19 has exasperated these falls across key industries.

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The Gold Mining industry is anticipated to benefit from COVID-19, with gold prices likely to rise to cement gold as a safe haven investment during periods of uncertainty.

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Flying restrictions and supply chain disruptions associated with COVID-19 are likely to result in division employment declining in 2019-20.

Note: The content in this report is currently being updated to reflect the trends outlined above.

Mining industry trends (2014-2019)

poll Average industry growth 2014–2019: 6.8%

Australia has a large supply of mineral, hydrocarbon and non-mineral reserves, which the Mining division extracts, processes and sells. These reserves are often high quality and close to the Earth's surface, enabling Australia's Mining division to be price competitive on a global scale. The division is export-oriented, with exports estimated to account for more than 70% of revenue in 2019-20. Exports are forecast to continue accounting for a high proportion of division revenue over the next five years, mainly due to further increases in natural gas and iron ore exports. The Mining division's performance is heavily influenced by commodity prices, the value of the Australian dollar, global supply trends, capital investment, and domestic and foreign de...
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Mining industry outlook (2019-2024)

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The Mining division is anticipated to increasingly focus on output and productivity over the next five years. The division's investment pipeline is slowing as existing major projects reach completion and firms bring new capacity online. Additionally, relatively weak capital expenditure over the next five years is forecast to negatively affect industries involved in developing new projects, including industries and firms involved in exploration and mining support services. Furthermore, some major industries in the division, such as the Iron Ore Mining industry, have engaged in capacity-based competition as the global iron ore mining sector has expanded. Although this trend is forecast to limit price growth for some commodities over the next five years...
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Mining industry statistics

  • business Number of Businesses: 9,420
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 169,420

Biggest companies in the Mining industry

The companies holding the largest market share in the Mining industry include BHP Group Limited, Rio Tinto Plc - Rio Tinto Limited and Glencore Operations Australia Pty Limited.

  • pie_chart BHP Group Limited Market Share: x.x%
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  • pie_chart Rio Tinto Plc - Rio Tinto Limited Market Share: x.x%
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  • pie_chart Glencore Operations Australia Pty Limited Market Share: x.x%
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What is Mining industry?

Industry Definition

The Mining division includes all operations that mainly extract minerals or hydrocarbons (oil and gas), explore for minerals or hydrocarbons, and provide a variety of services to firms engaged in these activities.

Industry Products and Services

  • Coal mining
  • Oil and gas extraction
  • Other metal ore mining
  • Iron ore mining
  • Non-metallic mineral mining and quarrying
  • Exploration and other mining services

Industry Activities

  • Coal mining
  • Oil and gas extraction and mining
  • Metal ore mining
  • Non-metallic mineral ore mining
  • Other mineral mining and quarrying
  • Services to mining
  • Mining exploration services
  • Contract and mining support services

Market research report - table of contents

Industry Definition

The Mining division includes all operations that mainly extract minerals or hydrocarbons (oil and gas), explore for minerals or hydrocarbons, and provide a variety of services to firms engaged in these activities.

Main Activities

  • Coal mining
  • Oil and gas extraction and mining
  • Metal ore mining
  • Non-metallic mineral ore mining
  • Other mineral mining and quarrying
  • Services to mining
  • Mining exploration services
  • Contract and mining support services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Iron ore prices significantly influence the Mining division's performance, as iron ore sales are important to many mining companies. Higher iron ore price...
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World price of iron ore
Actual capital expenditure on mining
US dollars per Australian dollar
World price of natural gas

Current Performance

Capital investment
Productivity challenges
 Chart: Revenue Growth

Industry Outlook

Gas expansion
Low-cost production
 Table: Mining - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Mining - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Petroleum Refining and Petroleum Fuel Manufacturing in Australia
Iron Smelting and Steel Manufacturing in Australia
Aluminium Smelting in Australia
Copper, Silver, Lead and Zinc Smelting and Refining in Australia
Gas Supply in Australia
Fossil Fuel Electricity Generation in Australia

Key Selling Industries

Mining
Electricity, Gas, Water and Waste Services
Wholesale Trade
Professional, Scientific and Technical Services



Products & Services

Metal ore, oil and gas, coal, non-metal ore and mining services are the major product and service segments in the Mining division. The composition of thes...
Black coal export markets
Oil and gas export markets
Domestic energy industries
Metal product manufacturing industries
Other export markets
Mining division
Other domestic industries

Demand Determinants

A range of factors influence demand for Australia's various ores, minerals and mining services from the Mining division. The pace of industrialisation and...
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Major Markets

Black coal export markets
Oil and gas export markets
Domestic energy industries
Metal product manufacturing industries
Other export markets
Mining division
Other domestic industries
 Chart: Major Market Segmentation for the Mining - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Mining division has low market share concentration, with the largest four enterprises projected to account for 37.2% of revenue in 2019-20. A few larg...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Mining - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Mining - Market Research Report Industry

Industry Globalization

BHP Group Limited is one of the world's largest mining companies. The company was previously called BHP Billiton Limited until November 2018, when it chan...
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BHP

 Table: BHP - financial performance

Rio Tinto

 Table: Rio Tinto - financial performance

Glencore Operations Australia

 Table: Glencore Operations Australia - financial performance

Capital Intensity

The Mining division's capital intensity is high and has increased over the past five years as mining firms have invested in plant, equipment and vehicles ...
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 Chart: Level of Capital Intensity for the Mining - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Mining Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Mining industry?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
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  • Inform your decisions for marketing, strategy and planning
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This report on Mining in Australia:

  • 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 Mining in Australia 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 Mining in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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