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Mineral Exploration (Own Account) in Australia

Published by: IBISWorld

Published: Jun. 3, 2004 - 26 Pages


Table of Contents


Definition
Key Statistics
Market Characteristics
Industry Segmentation
Industry Conditions
Performance
Industry Participants
Key Factors
Industry Outlook

Abstract

This class consists of firms mainly engaged in exploring for minerals (except for crude petroleum or natural gas) on their own account. Essentially, the report covers the in-house exploration activities of mining companies. Firms providing contract exploration services or drilling services are included in the report covering industry B1514, Mineral Exploration Services.

The Industry B1513 - Mineral Exploration (Own Account) in Australia ranks 376 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy.

Capital/labour intensity is medium and the uptake of new technology is medium. The industry's globalisation level is high and the trend is increasing.

The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover. The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.

The trend for exports is steady and for imports it's steady. The level of regulation is heavy and increasing and government assistance is low and steady.

This industry is forecast to have a static average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report!

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