Contract Mining Services in Australia - Industry Market Research Report

Contract Mining Services in Australia - Industry Market Research Report

Contract Mining Services in Australia

Industry firms provide services to third parties across the Mining division on a contract basis. These services include underground mining, surface mining, oil and gas extraction and other services. Industry players have faced difficult operating conditions over the past five years. Subdued demand for contract services from some parts of the Mining division has weighed on industry revenue over the period. While industry conditions improved over the two years through 2020-21, the COVID-19 pandemic created significant volatility in downstream markets and caused disruptions to industry operations. Despite this volatility, strong demand for Australia's mineral resources in export markets has supported mining activity over the past five years. Overall, industry revenue is expected to rise at an annualised 3.2% over the five years through 2023-24, to $17.4 billion. This result includes an expected decline of 4.5% in the current year, as easing commodity prices, tight labour market conditions and inflationary pressures constrain industry activity.

Industry firms carry out core stages of a mining operation as third parties on a fee or contract basis. Contract miners supply both machinery and skilled employees to undertake mineral and resource extraction activities at Australian mining sites.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.