Australia Gold Mining to 2024 – Updated with Impact of COVID-19

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Australia holds world’s largest gold reserve, accounting for 20% of the total reserves at 10,000t as of January 2020. Australia is the world’s second-largest gold producer and home for 14 of the world’s 20 biggest gold mines. In 2019, the country’s gold production has reached 11,469.3koz, up by 4.2% over 2018. The additional output was supported by the commencement of the Gruyere project in Yamarna belt in 2019, which added 99.1koz of gold during the year. In 2020, output from Australian gold mines is expected to grow by 4.3%, with little impact from the COVID-19 pandemic. The Australian federal and state governments have taken effective measures to contain the spread of the virus. The commencement of 84 projects is expected to support the Australia’s production growth over the forecast period, with a CAGR of 3%, to reach 13,449.1koz by 2024. China is the world’s largest gold consumer, and plays a key role in driving global demand. It is the key export partner country for Australia, among other Asian countries. However, various factors, including the US-China trade war, increased metal prices, while a slower economy and Brexit have impacted Chinese gold demand. In 2019, the global gold demand for jewelry fell by 6%, along with a 7% fall in China.

Scope

The report contains an overview of Australia’s gold mining industry along with an outlook of the metal demand from China. It also provides detailed information on reserves, gold production, production by company, major operating mines, competitive landscape, major exploration and development projects and gold prices.

Reasons to Buy

To gain an understanding of Australian gold mining industry and its demand from China

Comprehensive evaluation of the impact of COVID-19 on the Australia’s gold mining industry

To understand historical and forecast trend on Australia’s gold production

To assess the key gold players in Australian mining industry and the relative output

To gain an understanding of major Australian gold active, exploration and development projects

To understand gold demand from China

Newcrest Mining Ltd
Northern Star Resources Ltd and Evolution Mining Ltd

Table of Contents

1. Executive Summary

2. Reserves, Production and Prices

2.1 Gold Reserves by Country

2.2 Australia Gold Production

2.3 Production by Company

2.4 Gold Prices

3. Australia Gold Assets

3.1 Active Mines

3.2 Exploration Projects

3.3 Development Projects

4. Demand and Trade

4.1 Demand from China

5. Major Gold Producers

5.1 Mines and Projects by Company

5.2 Revenue by Company

– Newcrest Mining Ltd

– Northern Star Resources Ltd. (NSRL)

– Evolution Mining Ltd

6. Australia Fiscal Regime

6.1 Governing Bodies and Agencies

– National Level

– State or Territory Involvement

6.2 Laws, and Regulations

– Offshore Legislation

– Onshore Legislation

6.3 Mineral Licensing and Fees

– New South Wales

– Northern Territory

– Queensland

– South Australia

– Tasmania

– Victoria

– Western Australia

6.4 Royalty and Taxes

– Royalty

– New South Wales

– Northern Territory

– Queensland

– South Australia

– Tasmania

– Victoria

– Western Australia

6.5 Corporate Tax (CIT)

– Capital Expenditure Deduction

– Withholding Tax

– Treatment of Tax Losses

– Goods and Service Tax (GST)

7. Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Coverage

7.4 Secondary Research

8. Contact Us

Table

Table 1: Australia Gold Mining – Australia Gold Reserves by Type (Thousand Tonnes), January 2020

Table 2: Australia Gold Mining – Historical and Forecast Australia Gold Production (Thousand Ounces), 2004–2024

Table 3: Australia Gold Mining – Production by Major Company (Thousand Ounces), FY2018–FY2020

Table 4: Australia Gold Mining – Annual Average Gold Prices (US$/Ounce), 2011–2020

Table 5: Australia Gold Mining – Active Mines, 2020

Table 6: Australia Gold Mining – Exploration Projects, 2020

Table 7: Australia Gold Mining – Development Projects, 2020

Table 8: Australia Gold Mining – Chinese Gold Consumption by End-Use (Thousand Ounces), 2017–2024

Table 9: Australia Gold Mining – Number of Operating, Development and Exploration Projects by Company, 2020

Table 10: Australia Gold Mining – Comparison of Companies by Revenue (US$ Million), FY2018–FY2020

Table 11: Australia Gold Mining – Newcrest Mining Ltd, Major Projects, 2020

Table 12: Australia Gold Mining – Northern Star Resources Ltd, Major Projects, 2020

Table 13: Australia Gold Mining – Evolution Mining Ltd, Major Projects, 2020

Table 14: Australia’s Mining Fiscal Regime – National Level Mining Governing Bodies and Agencies, 2020

Table 15: Australia’s Mining Fiscal Regime – Mining Governing Bodies and Agencies by State/Territory, 2020

Table 16: Australia’s Mining Fiscal Regime – Mining Governing Bodies and Agencies by State/Territory, 2020

Table 17: Australia’s Mining Fiscal Regime – Exploration (Mineral Owner) License Application and Renewal Fees in NSW, 2020

Table 18: Australia’s Mining Fiscal Regime – Mining Leases and Fees in NSW, 2020

Table 19: Australia’s Mining Fiscal Regime – Assessment Leases and Fees in NSW, 2020

Table 20: Australia’s Mining Fiscal Regime – Mining License, Lease, Permit and Administration Fees in Northern Territory, 2020

Table 21: Australia’s Mining Fiscal Regime – Mineral Titles and Fees in Queensland, 2020

Table 22: Australia’s Mining Fiscal Regime – Mineral Tenements and Fees in South Australia, 2020

Table 23: Australia’s Mining Fiscal Regime – Fees for Mining License and Lease in Tasmania, 2020

Table 24: Australia’s Mining Fiscal Regime – Other Mining Related Fees in Tasmania, 2020

Table 25: Australia’s Mining Fiscal Regime – Mining Rents in Tasmania, 2020

Table 26: Australia’s Mining Fiscal Regime – Mining Titles and Fees in Victoria, 2020

Table 27: Australia’s Mining Fiscal Regime – Mining Tenements and Fees in Western Australia, 2020

Table 28: Australia’s Mining Fiscal Regime – Royalty Rates in New South Wales by Commodity, 2020

Table 29: Australia’s Mining Fiscal Regime – CRD Factor, 2008–2019

Table 30: Australia’s Mining Fiscal Regime – Price and Royalty Rate for Base and Precious Metals in Queensland, FY2018–2019

Table 31: Australia’s Mining Fiscal Regime – Discounts on Processed Minerals, 2020

Table 32: Australia’s Mining Fiscal Regime – South Australia Royalty Rates (%), 2020

Table 33: Australia’s Mining Fiscal Regime – Royalty Rates in Western Australia (%), 2020

Table 34: Australia’s Mining Fiscal Regime – Royalty Rates in Western Australia (%), 2020

Figures

Figure 1: Australia Gold Mining – Share of Gold Reserves by Country (%), January 2020

Figure 2: Australia Gold Mining – Major Gold Deposits

Figure 3: Australia Gold Mining – Gold Reserves by State (%), January 2020

Figure 4: Australia Gold Mining – Historical and Forecast Australia Gold Production (Thousand Ounces) vs. Number of Operating Mines, 2004–2024

Figure 5: Australia Gold Mining – Production by Major Company (Thousand Ounces), FY2018–FY2020

Figure 6: Australia Gold Mining – Gold Prices, Average Annual (US$/Ounce), 2011–2020

Figure 7: Australia Gold Mining – Chinese Gold Demand by End-Use (Thousand Ounces), 2017–2024

Figure 8: Australia Gold Mining – Number of Operating, Development and Exploration Projects by Company, 2020

Figure 9: Australia Gold Mining – Comparison of Companies by Revenue (US$ Million), FY2018–FY2020

Figure 10: Australia’s Mining Fiscal Regime – Three Levels of Australia Government

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