Australia Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime Including Taxes and Royalties, Key Players and Forecast to 2030

Australia Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime Including Taxes and Royalties, Key Players and Forecast to 2030

Summary

GlobalData's Australia Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime Including Taxes and Royalties, Key Players and Forecast to 2030 comprehensively covers Australia's reserves of copper, historic and forecast trends in the country's copper production and the key active, exploration and development copper mines and projects. The report also analyses factors affecting the country’s demand for copper and profiles the major copper producers.

Australia is the world’s second largest producer of copper, after Chile. In 2023, copper production in the country is expected to grow by 2.3% to 835.5kt backed by output from existing mines including Olympic Dam, Cadia, Carrapateena and Boddington. In addition, Aeris Resources’ Avoca Tank and IGO’s Savannah North are expected to begin operations in 2023. Australia’s copper mine production is expected to grow at a forecast period CAGR of 2.4% to reach 957.1kt in 2030. Several projects are scheduled for commencement during this period including Savannah North (2023), West Musgrave (2025), Eva (2025), Jervois (2025) and Hillside (2026). BHP, Newcrest, Oz Minerals (now acquired by BHP) and Glencore are the top copper producing companies in Australia, and together produced 497.2Kt of copper in 2022, up by 7.4% vs 2021.

The Australian copper industry is export-oriented with China being its largest export partner. However, political friction between these countries in the recent years has had a significant impact on trade relations. As a result, Australian exports of copper ores and concentrates, which is largely dependent on China, fell from 1,944kt in 2019 to 1,636kt in 2022 – nearly 16% decline.

Scope

• The report contains an overview of the Australian copper mining industry including key demand driving factors. It provides detailed information on reserves, Australian production, production by company, major operating mines, competitive landscape, major exploration and development projects. The report also provide information on Australia's mining taxes and royalties.

Reasons to Buy

• To analyse copper mining trends in Australia, relevant driving factors
• To track the latest developments in copper mining industry
• To identify major active, exploration and development projects
• To analyse upcoming project developments in the mining industry
• To understand historical and forecast trend on Australia's copper production
• To identify key players in the Australian copper mining industry