Australia Mining Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Australia Mining Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Australia Mining Logistics Market size is expected to expand at a compound annual growth rate (CAGR) of more than 4% during the forecast period.

The COVID-19 had impact on mining industry in the country, which further effected mining logistics market. In addition, mining exploration expenditure was declined in 2020 because of pandemic crisis. But now the industry is recovering and reaching to pre pandemic levels.

However, mining has long been a cornerstone of the Australian economy and the gold rushes were pivotal in the early development of the country. Australia is presently in the midst of yet another minerals boom, exhibited by both high prices for, and record export volumes of mineral commodities, especially iron ore and coal. This follows previous minerals booms in the early 1960s and mid-1980s. The present boom is underpinned by high demand for primary commodities in the industrializing economies of China and India.

Despite the pandemic crisis many gold mines have continued to increase levels of production with Newmont Corporation, Northern Star Resources and Kirkland Lake Gold being some of the highest gold producers. This uptake in production has increased growth in mining equipment demand and production and contributing to improving employment rates within the resources sector.

The most valued mined commodity in Western Australia remains iron ore. In 2021, it was responsible for 82% of all mineral sales and 68% of all mineral and petroleum sales. While iron ore remained the State's dominant commodity, its share was down from previous record levels of 83% and 74% in 2020-21.

In 2021, Rio Tinto's Pilbara operations were hit by above-average rainfall in the first half of 2021, cultural heritage management, delays in growth and production sustaining projects, and sales volumes fell by nine million tons (Mt) to 838 Mt from 847 Mt in 2020.

Industry reports claim that Australian resource export earnings hit a new high of USD 351 billion in 2021. Iron ore was the most valuable resource, contributing USD 154.2 billion, up 32% from 2020 to set a new high.

Coal is mined in every state of Australia. The largest black coal resources occur mainly in Queensland and New South Wales. About 70% of coal mined in Australia is exported, mostly to eastern Asia. The Port of Newcastle, New South Wales, is the world's largest and most efficient coal handling operation through its two terminals: Carrington and Kooragang.

Australia is the second-largest gold producer in the world, with more than 65 gold mines currently operating across the island continent.

Australia has 14 of the world’s biggest gold mines, 11 of which are in the state of Western Australia. This is the most prolific Australian state for the enterprise, where gold mining stands fourth behind iron ore, crude oil and liquified natural gas.

Every industry is facing technological advances that are changing operations, developing the skills of workers, and improving efficiency. There’s never been a better time for companies around the globe to implement digitization. Western Australia’s mining sector is one industry that has transformed because of technology.

Automated vehicles, smart sensors and drones are just a few innovations that are currently redefining the sector and moving companies forward. In fact, according to an industrial organisation, autonomous haulage has helped improved mining productivity in Western Australia by 20 per cent.

With the introduction of more automation, mining companies will need to consider re-structuring their processes, and take on a more hybrid approach to mining. And with more demands for sustainability, the mining of the future will likely have a good balance of automation and human workers in different areas. Furthermore, private organizations are investing in mining exploration, which helps in improving knowledge about the location, type, quantity, and quality of deposits. Mineral exploration expanded by more than 28% to AUD 3.58 billion in 2021 when compared to 2020. Furthermore, gold has attracted the most mineral exploration expenditure, overtaking iron ore.

The Australia Mining Logistics market competition is fragmented in nature with multiple domestic and international players, organized and unorganized small players operating in the market. There are several large and small companies operating in the mining logistics industry providing both storage and transport facilities. Some of the major players include Toll Holdings Limited, UC LOGISTICS Australia, CENTURION, Tranz Logistics, and ATG Australian Transit Group.

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