Industry Analysis & Industry Trends
Industry firms quarry and mine a range of rock, stone and related construction products. Crushed rock and stone, which is the industry's largest product segment, is projected to total 113.9 million tonnes in 2015-16 and account for almost half of the industry's revenue. Other key industry products include dimension stone (marble, granite, slate and sandstone), clay for tiles and bricks, and limestone. The bulk of output is used by the local construction sector, either directly or as an input into other products such as cement and bricks. Other markets for the industry's products include building companies, and cement and concrete manufacturers.
The Rock, Limestone and Clay Mining industry is expected to generate revenue totalling $3.6... purchase to read more
Industry Report - Starting a New Business Chapter
A major entry barrier to the industry is the degree of vertical integration of the major participants, each of which is substantial producers in the industries using construction materials: ready-mixed concrete, asphalt and bricks. While it is relatively easy for a new firm to enter the industry, it is difficult for these new companies to build up the scale required to develop a profitable business. There are also several government regulations and requirements associated with entering the industry and operating in the industry. Worker safety is important at quarries and companies are required to meet strict safety requirements.
Large amounts of capital are required to establish substantial quarries and other mines for industry goods... purchase to read more