Australia Copper Mining to 2023

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Australian copper mine production is estimated to have reached 938.7kt in 2019, up by 2.8% over 2018, owing to higher production at BHP’s Olympic Dam mine, which increased from 147kt in 2018 to 181kt in 2019 owing to planned preparatory work in the prior period related to the refinery crane replacement. The commencement of new projects in that same year, including the Monty Copper-Gold, Woodlawn and Carrapateena, further boosted supply in that year. Production is expected to grow at a forecast-period (2019-2023) CAGR of 4.5%, to reach 1.1Mt in 2023, backed by the commencement of Cadia expansion 1 project, which has an annual copper mine production capacity of 78kt in 2023. Other projects due to commence over the forecast period include the Eva, Hillside, Renison Expansion, Savannah North, Cleveland and Jervois.

Scope

The report analyses Australia's copper mining industry, with details of reserves, production, consumption trends and forecasts, exports, the competitive landscape and listing of the major active, exploration and development projects.

Reasons to Buy

To gain an understanding of Australia's copper mining industry, relevant driving factors

To understand historical and forecast trend on the country's copper production, consumption and exports

Glencore plc
BHP
Oz Minerals Ltd
Newcrest Mining Ltd
Sandfire Resources

Table of Contents

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2 Executive Summary

3 Australia Copper Mining – Reserves, Production, Consumption, Exports and Demand

3.1 Copper Reserves by Country

3.1.1 Historical and Forecast Production

3.1.2 Production by state and territory

3.1.3 Copper Prices

3.2 Active Mines

3.3 Exploration Projects

3.4 Development Projects

3.5 Consumption vs Exports

3.5.1 Exports by country

3.6 Factors Affecting Demand for Copper

3.6.1 Increasing copper demand from the Chinese construction industry

3.6.2 Growing importance of the EV market in China

4 Australia Copper Mining: Major Producers

4.1 Mines and Projects by Company

4.2 Mines and Projects Stage by Province

4.3 Major Producers of Copper

4.3.1 Glencore Plc

4.3.2 BHP

4.3.3 Oz Minerals Ltd

4.3.4 Newcrest Mining Ltd

4.3.5 Sandfire Resources

4.4 SWOT Analysis

5 Fiscal Regime

5.1 The Australian Mining Industry – Governing Bodies

5.1.1 National level

5.1.2 State or territory involvement

5.2 The Australian Mining Industry: Laws, and Regulations

5.2.1 Offshore legislation

5.2.2 Onshore legislation

5.3 Australia’s Mining Fiscal Regime: Mineral Licensing and Fees

5.3.1 New South Wales

5.3.2 Northern Territory

5.3.3 Queensland

5.3.4 South Australia

5.3.5 Tasmania

5.3.6 Victoria

5.3.7 Western Australia

5.4 Australia’s Mining Fiscal Regime: Royalty and Taxes

5.4.1 Royalty

5.4.2 Corporate Income Tax (CIT)

5.4.3 Withholding tax

5.4.4 Treatment of tax losses

5.4.5 Goods and Services Tax (GST)

6 Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

6.5 Contact Us

6.6 Disclaimer

Table

Table 1: Australia Copper Mining – Copper Reserves by Country (Million Tonnes), February 2019

Table 2: Australia Copper Mining – Top Active Mines by Total Ore Reserves (Million Tonnes), 2019

Table 3: Australia Copper Mining – Historical and Forecast Copper Mine Production (Thousand Tonnes), 2003–2023

Table 4: Australia Copper Mining – Copper Mine Production by State Y-O-Y Comparison (Thousand Tonnes), 9M 2018 – 9M 2019

Table 5: World Copper Prices, Quarterly (US$/Tonne), 2014–2019

Table 6: Australia Copper Mining – Active Projects, 2019

Table 7: Australia Copper Mining – Exploration Projects, 2019

Table 8: Australia Copper Mining – Development Projects, 2019

Table 9: Australia Copper Mining – Historical and Forecast Copper Consumption vs Exports (Thousand Tonnes), 2003–2023

Table 10: Australia Copper Mining – Exports by Country (Thousand Tonnes), 2019

Table 11: Australia Copper Mining – Major Upcoming Infrastructure Development Projects in China, 2019–2024

Table 12: Australia Copper Mining – Total No. of Mines/Projects by Company and Stage, 2020

Table 13: Australia Copper Mining – Projects Count by State by Status, 2020

Table 14: Australia Copper Mining – Annual Production by Company, 2019

Table 15: Australia Copper Mining – Glencore, Major Projects, 2019

Table 16: Australia Copper Mining – BHP, Major Projects, 2019

Table 17: Australia Copper Mining – OZ Minerals, Major Projects, 2019

Table 18: Australia Copper Mining – Newcrest Mining Ltd, Major Projects, 2019

Table 19: Australia Copper Mining – Sandfire Resources, Major Projects, 2019

Table 20: Australia Copper Mining – Major Copper Producers’ SWOT Analysis, 2019

Table 21: Australia’s Mining Fiscal Regime – National Level Mining Governing Bodies and Agencies, 2019

Table 22: Australia’s Mining Fiscal Regime – Mining Governing Bodies and Agencies by State/Territory, 2019

Table 23: Australia’s Mining Fiscal Regime – Key Onshore Legislations by State/Territory, 2019

Table 24: Australia’s Mining Fiscal Regime – Key Onshore Legislations by State/Territory, 2019 (Contd.1)

Table 25: Australia’s Mining Fiscal Regime – Key Onshore Legislations by State/Territory, 2019 (Contd.2)

Table 26: Australia’s Mining Fiscal Regime – Exploration License Application, Renewal and Tender Fees in NSW, 2019

Table 27: Australia’s Mining Fiscal Regime – Exploration (Mineral Owner) License Application and Renewal Fees in NSW, 2019

Table 28: Australia’s Mining Fiscal Regime – Mining Leases and Fees in NSW, 2019

Table 29: Australia’s Mining Fiscal Regime – Assessment Leases and Fees in NSW, 2019

Table 30: Australia’s Mining Fiscal Regime – Mining License, Lease, Permit and Administration Fees in Northern Territory, 2019

Table 31: Australia’s Mining Fiscal Regime – Annual Rent in Northern Territory, 2019

Table 32: Australia’s Mining Fiscal Regime – Late Lodgement Fees in Northern Territory, 2019

Table 33: Australia’s Mining Fiscal Regime – Mineral Titles and Fees in Queensland, 2019

Table 34: Australia’s Mining Fiscal Regime – Mineral Tenements and Fees in South Australia, 2019

Table 35: Australia’s Mining Fiscal Regime – Fees for Mining License and Lease in Tasmania, 2019

Table 36: Australia’s Mining Fiscal Regime – Other Mining Related Fees in Tasmania, 2019

Table 37: Australia’s Mining Fiscal Regime – Mining Rents in Tasmania, 2019

Table 38: Australia’s Mining Fiscal Regime – Mining Titles and Fees in Victoria, 2019

Table 39: Australia’s Mining Fiscal Regime – Mining Tenements and Fees in Western Australia, 2019

Table 40: Australia’s Mining Fiscal Regime – Royalty Rates in New South Wales by commodity, 2019

Table 41: Australia’s Mining Fiscal Regime – CRD Factor, 2007–2018

Table 42: Australia’s Mining Fiscal Regime – Price and royalty rate for base and precious metals in Queensland, FY2018–2019

Table 43: Australia’s Mining Fiscal Regime – Discounts on processed minerals, 2019

Table 44: Australia’s Mining Fiscal Regime – South Australia Royalty Rates (%), 2019

Table 45: Australia’s Mining Fiscal Regime – Royalty Rates in Western Australia (%), 2018–2019

Table 46: Australia’s Mining Fiscal Regime – Withholding Tax Rates (%), 2019

Figures

Figure 1: Australia Copper Mining – Copper Reserves by Country (%), February 2019

Figure 2: Australia Copper Mining – Copper Deposits and Operating Mines by State/Territory, September 2019

Figure 3: Australia Copper Mining – Historical and Forecast Copper Mine Production (Thousand Tonnes) vs Number of Operating Mines, 2003–2023

Figure 4: Australia Copper Mining – Copper Mine Production by State Y-O-Y Comparison (Thousand Tonnes), 9M 2018–9M 2019

Figure 5: World Copper Prices, Quarterly (US$/Tonne), 2014–2019

Figure 6: Australia Copper Mining – Historical and Forecast Copper Consumption vs Exports (Thousand Tonnes), 2003–2023

Figure 7: Australia Copper Mining – Exports by Country (%), 2019

Figure 8: Australia Copper Mining – Global Copper Consumption by End Use (%), 2018

Figure 9: Australia Copper Mining – China’s Construction Industry Output by value (US$ billion), 2007–2024

Figure 10: Australia Copper Mining – Total number of EVs in China (Millions), 2015–2018

Figure 11: Australia Copper Mining – Total number Mines/Projects by Company and Stage, 2020

Figure 12: Australia Copper Mining – Projects Count by State by Status, 2020

Figure 13: Australia Copper Mining – Share of Companies by Production, 2019

Figure 14: The Mining Industry in Australia – Three Levels of Australia Government

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