Australian copper industry to grow 30% to 2016

The Australian copper industry is expected to grow by nearly 30% in the next five years to 2016 according to the new report ‘Copper Industry in Australia’.Australia is one of the world's major copper mining countries, although its output lags behind that of Chile, Peru, the United States and China.Chile alone represents about one-third of global copper mine output.Australia's copper ore production is expected to be just over 1.0 million tons in 2012-13.

Rapid growth in industry revenue over the past five years occurred as booming demand in large emerging nations such asChina and India propelled the demand for copper and led to large price rises. Copper mineralisation is distributed throughout Australia, but mined from relatively few mines, with the primary producers being the Olympic Dam in South Australia and Mount Isa Mines in Queensland. Other significant copper operations are at Northparkes and Cadia-Ridgeway in New South Wales, Golden Grove in Western Australia, Ernest Henry, Osborne and Mt Gordon in Queensland and Mt Lyell in Tasmania.

View the report: ‘Copper Industry in Australia’

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