Australia Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030
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Australia Iron Ore Mining Market Report Overview
The total iron ore production in Australia was 944.1Mt in 2022, and it is expected to grow at a CAGR of more than 3% during 2022-2030. The growth is attributed to the richness of mineral resources of Australia, making the country the world’s largest iron ore producer. Other factors that are boosting the country’s iron ore production are the commencement of new projects – the Onslow project and Jimblebar Expansion project and the high output from projects such as Iron Bridge (North Star Magnetite).
Australia Iron Ore Mining Market Outlook, 2022-2030 (%)
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The Australia Iron Ore Mining Market research report comprehensively covers key demand-driving factors shaping the industry. The report provides detailed information on reserves, reserves by country, production, and competitive landscape. Furthermore, it elucidates major operating mines, exploration, and operating as well as planned development projects. These critical topics will help identify gaps in operations and make high-impact business strategies.
Total Production (2022) | 944.1Mt |
CAGR (2022-2030) | >3% |
Active Mines | · Sino Iron Ore Mine
· Mt Newman Joint Venture · Area C Mine · Jimblebar Hub · Kings Valley Mine |
Development Projects | · Central Eyre Iron Project
· Razorback Premium Iron Project · West Pilbara Iron Ore Project · Onslow Project · Western Range Mine |
Exploration Projects | · Rhodes Ridge Project
· Jimmawurrada Mine · Prairie Downs Project · Caliwingina Project · Mount Bevan Project |
Leading Companies | · Rio Tinto
· BHP · Fortescue Metals Group (FMG) · Mineral Resources Ltd (MRL) |
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Australia Iron Ore Mining Market - Active Mines
A few of the active iron ore mines in Australia are Sino Iron Ore Mine, Mt Newman Joint Venture, Area C Mine, Jimblebar Hub, and Kings Valley Mine among others. Sino Iron Ore Mine is the largest iron ore reserve in the country, followed by Mt Newman Joint Venture.
Australia Iron Ore Mining Market Analysis by Active Mines, 2023 (%)
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Australia Iron Ore Mining Market - Development Projects
Central Eyre Iron Project had the highest iron ore reserve in 2023
A few of the Australian iron ore mining development projects are the Central Eyre Iron Project, Razorback Premium Iron Project, West Pilbara Iron Ore Project, Onslow Project, and Western Range Mine among others. Central Eyre Iron Project was followed by the Razorback Premium Iron Project in 2023.
Onslow project, Western Australia: Mineral Resources’ Onslow project is one of the largest under-construction iron ore development projects in Western Australia. It has an annual saleable iron ore production capacity of more than 34kt and is set to commence operations in June 2024. It has an expected mine life of more than 30 years.
Australia Iron Ore Mining Market Analysis by Development Projects, 2023 (%)
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Australia Iron Ore Mining Market - Exploration Projects
A few of the iron ore mining exploration projects in Australia are Rhodes Ridge Project, Jimmawurrada Mine, Prairie Downs Project, Caliwingina Project, and Mount Bevan Project. Rhodes Ridge Project led the market in terms of resources as of 2023, followed by Jimmawurrada Mine.
Australia Iron Ore Mining Market Analysis by Exploration Projects, 2023 (%)
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Australia Iron Ore Mining Market - Competitive Landscape
A few of the leading companies in Australia iron ore mining market are:
- Rio Tinto
- BHP
- Fortescue Metals Group (FMG)
- Mineral Resources Ltd (MRL)
Rio Tinto held the highest capacity in the Australia iron ore mining market in 2022, followed by BHP. The production at BHP and MRL remained flat in 2023, however, Rio Tinto experienced rapid growth. The growth can be attributed to the ongoing ramp-up of its Gudai-Darri operations.
Leading Australia Iron Ore Mining Market Analysis by Companies, 2022 (%)
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Scope
- Overview of the Australia iron ore mining industry
- Key demand driving factors
- Historical and forecast data on iron ore production, production by company and reserves by country
- World iron ore prices
- Profiles of major iron ore producers
- Competitive landscape
- Major operating, explorational and developmental mines
Reasons to Buy
- In-depth Insights: Gain comprehensive industry insights into the Australia iron ore mining market and understand the key market drivers influencing production trends, reserves and market dynamics.
- Strategic market analysis: Access historical and forecast trends on Australia iron ore production to anticipate market shifts and make forward-looking decisions.
- Forge valuable partnerships: Identify the leading companies in the Australia iron ore mining market, including information on their sectors of operation, headquarters location, production capacity and owned iron ore mines.
- Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental projects.
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Frequently asked questions
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What was the total iron ore production in Australia in 2022?
The total iron ore production in Australia was 944.1Mt in 2022.
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What is the expected iron ore production growth rate in Australia for the forecast period?
The total iron ore production in Australia is expected to grow at a CAGR of more than 3% during 2022-2030.
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Who are the leading companies in the Australia iron ore mining market?
A few of the leading companies associated with the Australia iron ore mining market are Glencore, BHP, Fortescue Metals Group (FMG), and Anglo American.
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