Industry Analysis & Industry Trends
Australia has a large supply of mineral, hydrocarbon and non-mineral reserves, which the Mining division extracts, processes and sells. These reserves are often of a 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 expected to account for over two-thirds of revenue in 2016-17. Division exports are projected to account for around three-quarters of revenue by 2021-22, on the back of a forecast increase in natural gas exports.
The division's performance depends on pricing, the value of the Australian dollar, and global trends in supply and demand for commodities. As new supply takes years to develop, division operations are generally cyclical... purchase to read more
Industry Report - Industry Analysis Chapter
Although revenue from the Mining division has declined over the past five years, output has increased. Over this time, developing countries such as China and India have industrialised rapidly, driving demand for natural resources and industrial commodities. As global demand surged, many Australian mining companies committed to new projects, resulting in strong increases in capital investment and mining volumes. This investment worked its way down the supply chain, through the exploration and mining services industries, and increased mining output. However, increased supply contributed to large price declines for many division goods over the five years through 2016-17... purchase to read more