Undermined: A drop in commodity prices has reduced demand for industry services

IBISWorld’s Contract Mining Services 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.


Industry Analysis & Industry Trends

Over the past decade, demand for commodities has been mostly strong, particularly from markets in China and other export destinations. During periods of strong demand, mining companies, which make up the industry's customer base, tend to shift focus towards planning new capacity. The core in-house functions undertaken by mining companies include exploration, supply chain management and marketing. High value-added activities, such as commodity processing, have remained a focus for miners. When more capital is diverted to expansion activities, mining companies often outsource their basic resource-extraction operations to firms in the Contract Mining Services industry.

Demand for industry services has been volatile over the past five years...

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What is the Contract Mining Services industry?

The Contract Mining Services industry displays a moderate level of market share concentration. In 2016-17, the industry's four largest players are estimated to account for over 40% of total revenue. The industry is characterised by a small number of large players, a moderate number of mid-size companies and many small operators. To provide value to mining companies, contract miners typically need to achieve significant economies of scale and scope.

To achieve scale in the industry, companies need to be able to operate across a large number of mining sites and maximise equipment usage to increase productivity. Major mining companies also tend to favour larger contract mining firms, as these firms have access to experienced staff, a larger workforce and extensive mining equipment. The...

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Products & Brands

Major products in this industry
Surface contract mining
Underground contract mining
Oil and gas extraction
Examples of brands in this Industry
Thiess Contractors
Downer Mining

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
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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