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Gold Ore Mining in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Gold Ore Mining Market Research Report | ANZSIC B0804 | Aug 2016

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

IBISWorld’s Gold Ore Mining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 12-17
2.6%
Annual Growth 17-22
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Profit
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Employment
14,700
Businesses
631
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... purchase to read more

Industry Report - Industry Products Chapter

The Gold Ore Mining industry mines and processes gold ore to produce only one major product, gold dore bars. These dore bars contain silver and other minerals and are between 80% and 90% pure gold. Gold dore bars are refined by downstream gold refiners into pure gold (99.99% gold). Gold for dore bars is extracted from a variety of sources and processed in different ways to generate final output. Final gold products contain a variety of gold from these sources.

Archaean lode gold dore bars

The Archaean era is the geological era customarily defined as beginning between four billion years ago and ending about 2.5 billion years ago. This era accounts for the oldest rock formations on Earth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 barsRecent lode gold dore barsCopper-gold dore barsIron oxide copper-gold dore barsOther gold dore bars
 
Industry Activities
Open-cut and underground gold miningGold dore bar productionGold dredging and miningRoasting and flotation extraction of gold oreReworking of tailings for gold


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