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 (%)

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 (%)

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 (%)

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

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

BHP
Newcrest Mining Ltd
Glencore plc

Table of Contents

Overview

Copper Reserves

Copper Production

Prices

Major Active Mines

Major Development Projects

Major Exploration Projects

Competitive Landscape

Demand and Trade

Mining Taxes and Royalties

Appendix

Table

Table 1: Australia copper mining – Historical and forecast Australia copper production (thousand tonnes), 2005–2025

Table 2: Australia copper mining – Production by major company (thousand tonnes), Q1 –Q3 2020 and 2021

Table 3: Australia copper mining – Active mines, 2021

Table 4: Australia copper mining – Exploration projects, 2021

Table 5: Australia copper mining – Development projects, 2021

Table 6: Australia copper mining – Copper prices quarterly (US$/tonnes), Q1 2015–Q3 2021

Table 7: Australia copper mining – Historical and forecast Australia copper consumption vs. exports (thousand tonnes), 2005–2025

Table 8: Australia copper mining – Number of operating, development and exploration projects by company and by stage, 2021

Table 9: Australia copper mining – Glencore Plc, major projects, 2021

Table 10: Australia copper mining – BHP major projects, 2021

Table 11: Australia copper mining – Oz Mineral Resources, major projects, 2021

Table 12: Australia copper mining – Newcrest Mining Ltd, major projects, 2021

Table 13: Australia’s mining fiscal regime – National level mining governing bodies and agencies, 2020

Table 14: Australia’s mining fiscal regime – Mining governing bodies and agencies by state/territory, 2021

Table 15: Australia’s mining fiscal regime – Mining governing bodies and agencies by state/territory, 2021

Table 16: Australia’s mining fiscal regime – Exploration (mineral owner) license application and renewal fees in NSW, 2021

Table 17: Australia’s mining fiscal regime – Mining leases and fees in NSW, 2021

Table 18: Australia’s mining fiscal regime – Assessment leases and fees in NSW, 2021

Table 19: Australia’s mining fiscal regime – Mining license, lease, permit and administration fees in Northern Territory, 2021

Table 20: Australia’s mining fiscal regime – Mineral titles and fees in Queensland, 2021

Table 21: Australia’s mining fiscal regime – Mineral tenements and fees in South Australia, 2021

Table 22: Australia’s mining fiscal regime – Fees for mining license and lease in Tasmania, 2021

Table 23: Australia’s mining fiscal regime – Other mining related fees in Tasmania, 2021

Table 24: Australia’s mining fiscal regime – Mining rents in Tasmania, 2021

Table 25: Australia’s mining fiscal regime – Mining titles and fees in Victoria, 2021

Table 26: Australia’s mining fiscal regime – Mining tenements and fees in Western Australia, 2021

Table 27: Australia’s mining fiscal regime – Royalty rates in New South Wales by commodity, 2021

Table 28: Australia’s mining fiscal regime – CRD factor, 2008–2020

Table 29: Australia’s mining fiscal regime – Price and royalty rate for base and precious metals in Queensland, FY2019–2020

Table 30: Australia’s mining fiscal regime – Discounts on processed minerals, 2021

Table 31: Australia’s mining fiscal regime – South Australia royalty rates (%), 2021

Table 32: Australia’s mining fiscal regime – Royalty rates in Western Australia (%), 2021

Table 33: Australia’s mining fiscal regime – Royalty rates in Western Australia (%), 2021

Figures

Figure 1: Australia copper mining – Share of copper reserves by country, January 2021

Figure 2: Australia copper mining – Major copper deposits, 2021

Figure 3: Australia copper mining – Share of copper resources by state, January 2021

Figure 4: Australia copper mining – Historical and forecast Australia copper production (thousand tonnes) vs. number of operating mines, 2005–2025

Figure 5: Australia copper mining – Production by major company (thousand tonnes), Q1-Q3, 2020-2021

Figure 6: Australia copper mining – Copper prices, quarterly (US$/tonnes), Q1 2015 – Q3 2021

Figure 7: Australia copper mining – Historical and forecast Australia copper consumption vs. exports (thousand tonnes), 2005–2025

Figure 8: Australia copper mining – Share of Australia copper exports by country, 2020

Figure 9: Australia copper mining – Comparison of Australia’s copper exports by country, Jan-Sep 2020 – 2021

Figure 10: Australia copper mining – Global vs. China’s construction output in value (US$ billion), 2010–2025

Figure 11: Australia copper mining – EVs production (million units), 2015 – 2035

Figure 12: Australia copper mining – Number of operating, development and exploration projects by company and stage, 2021

Figure 13: Australia’s mining fiscal regime – Three levels of Australia government

Frequently asked questions

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