Gold Ore Mining in Australia Industry Market Research Report Now Updated by IBISWorld

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Gold ore miners have been growing strongly over the past five years, but this is expected to change in 2012-13. For this reason, industry research firm IBISWorld has updated its report on the Gold Ore Mining industry in Australia.

IBISWorld Market Research

IBISWorld Market Research

Lower gold prices are offsetting increased output

Ongoing concerns about conditions in global financial markets and tension in the Middle East have added to gold's lustre. According to IBISWorld industry analyst M. Williams, “these trends have renewed investor interest in the metal, which has resulted in a rising gold price”. The Gold Ore Mining industry is expected to generate revenue of $13.3 billion in 2012-13, compared with $7.96 billion in 2007-08, yielding annualised growth of 10.8%. Industry revenue is forecast to fall by 1.9% in 2012-13, as lower gold prices (in Australian dollars, adjusted for inflation) more than offset increased output. Gold prices (in both US dollars and Australian dollars) are expected to ease during the year as concerns over the eurozone debt crisis start to recede.

The Gold Ore Mining industry has moderate concentration. The four largest players – Newmont Australia Holdings Pty Ltd, Barrick (PD) Australia Ltd, Newcrest Mining Limited and Gold Fields Australia Pty Limited – account for a moderate share of the industry. Concentration has increased in the past five years, reflecting takeover and merger activity played out on the global stage. “Firms have sought economies of scale and scope”, says Williams.

Australia's gold ore production is forecast to be about 265 tonnes in 2012-13, compared with 227 tonnes in 2007-08. Virtually all gold ore mined in Australia is refined locally before being exported. In addition, bullion from other countries is imported into Australia for refining and re-export, and both local and imported secondary gold (used gold) is re-refined locally and then re-exported. As a result, the value of gold exports typically exceeds industry revenue. The value of gold exports is forecast to be $17.1 billion in 2012-13. Imports of gold to Australia are also substantial, amounting to about $8.4 billion in 2012-13. There are about 252 gold mines in Australia, mostly operated by very small firms. Gold production is forecast to increase over the five years through 2017-18, as new mines commence operation and gold prices are expected to increase in both US dollars and local currency.

For more information, visit IBISWorld’s Gold Ore Mining report in Australia industry page.

Follow IBISWorld on Twitter:!/ibisworldau

IBISWorld industry Report Key Topics

Firms in this industry mine gold-bearing ore and typically process it into gold bullion, either by smelting or by solvent extraction methods.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit or call (03) 9655 3886.

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Gavin Smith
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