Australia Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030
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Australia Copper Mining Market Report Overview
Australia has the world’s second-largest copper reserves after Chile, accounting for more than 10% share in the global copper reserves. In 2023, copper production in the country is expected to grow supported by output from the existing mines including Olympic Dam, Cadia, Carrapateena and Boddington. Additionally, Aeris Resources’ Avoca Tank and IGO’s Savannah North are expected to begin operations in 2023. The reserves are predominantly located at the Olympic Dam Mine in South Australia and the Cadia East Mine in New South Wales.
Other significant deposits are at the NorthParkes mine in New South Wales, the Prominent Hill mine in South Australia, and the Boddington mine in Western Australia. The Australian copper industry is export-oriented with China being its largest export partner. However, political friction between these countries in 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 in 2022.
The Australia Copper Mining market research report 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.
Forecast Period | 2024-2030 |
Historical Period | 2019-2022 |
Active Mines | · Olympic Dam Mine
· Cadia Mine · Mount Isa Copper Mine · Ernest Henry Mine · Prominent Hill Mine · Carrapateena Mine · DeGrussa Copper-Gold Mine · CSA Mine (Cobar) · Boddington Mine · NorthParkes Mine |
Development Projects | · Calingiri Project
· West Musgrave Project · Eva Project · Hillside Project · Kalkaroo Project |
Exploration Projects | · Manindi Zinc Project
· Khamsin Project · Fremantle Doctor Project · Temora Gold Copper Project · Maroochydore Copper Project |
Leading Companies | · BHP
· Newcrest Mining · OZ Minerals Ltd · Glencore Plc |
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Australia Copper Mining Market - Active Mines
Some of the active copper mines in Australia are Olympic Dam Mine, Cadia Mine, Mount Isa Copper Mine, Ernest Henry Mine, Prominent Hill Mine, Carrapateena Mine, DeGrussa Copper-Gold Mine, CSA Mine (Cobar), Boddington Mine, and NorthParkes Mine. Olympic Dam Mine is the largest copper reserve in the country.
Australia Copper Mining Market Analysis by Active Mines, 2023 (%)
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Australia Copper Mining Market - Development Projects
Some of the Australian copper mining development projects are Calingiri Project, West Musgrave Project, Eva Project, Hillside Project, and Kalkaroo Project. The Calingiri Project is wholly owned by Caravel Minerals Ltd and has an initial mine life of up to 28 years. It has the largest copper reserve in 2023 among the development projects. The project is expected to commission operations by 2026.
Australia Copper Mining Market Analysis by Development Projects, 2023 (%)
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Australia Copper Mining Market - Exploration Projects
Some of the copper mining exploration projects in Australia are Manindi Zinc Project, Khamsin Project, Fremantle Doctor Project, Temora Gold Copper Project, and Maroochydore Copper Project. The Manindi Zinc project in Western Australia is currently undergoing advanced exploration activities. Metals Australia Ltd, who have a majority share in this project, has been drilling and defining the high-grade pegmatite potential and extending the existing high-grade zinc with copper resources. It is the largest copper resource among the exploration projects in 2023.
Australia Copper Mining Market Analysis by Exploration Projects, 2023 (%)
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Australia Copper Mining Market - Competitive Landscape
Some of the leading companies associated with the Australia copper mining market are BHP, Newcrest Mining, OZ Minerals Ltd, and Glencore Plc.
BHP’s copper mining operations in Australia is one of the largest in the world. The division has three major mines, as well as a number of smaller copper mines. On 2nd May 2023, BHP completed the acquisition of OZ Minerals Limited, which will enhance the former’s copper and nickel portfolio. Key copper mines from the acquisition include Prominent Hill and Carrapateena copper-gold mines in South Australia.
Leading Australia Copper Mining Market Analysis by Companies
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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 provides information on Australia’s mining taxes and royalties.
Reasons to Buy
- To analyze copper mining trends in Australia, relevant driving factors
- To track the latest developments in the copper mining industry
- To identify major active, exploration, and development projects
- To analyze upcoming project developments in the mining industry
- To understand historical and forecast trends of Australia’s copper production
- To identify key players in the Australian copper mining industry
Table of Contents
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Frequently asked questions
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Which active mine was the largest copper reserve in the market in 2022?
Olympic Dam Mine was the largest copper reserve in 2022.
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Which are the leading development projects in the Australia copper mining market?
Some of the Australian copper mining development projects are Calingiri Project, West Musgrave Project, Eva Project, Hillside Project, and Kalkaroo Project.
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Which are the leading exploration projects in the Australia copper mining market?
Some of the copper mining exploration projects in Australia are Manindi Zinc Project, Khamsin Project, Fremantle Doctor Project, Temora Gold Copper Project, and Maroochydore Copper Project.
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Who are the leading companies in the Australia copper mining market?
Some of the leading companies associated with the Australian copper mining market are BHP, Newcrest Mining, OZ Minerals Ltd, and Glencore Plc.
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