Precious Metals Mining in Australia to 2020

Synopsis
The Precious Metals Mining in Australia to 2020 report comprehensively covers the country’s historical and forecast data on gold, silver and diamond production to 2020, with production by region and reserves. The report also includes drivers and restraints affecting the industry, profiles of major precious metals mining companies, information on the major active, planned and exploration projects, and regulations governing the industry.

Summary
Australia is one of the world’s major producers and exporters of precious metals with production of 8.5 million ounces of gold, 64.9 million ounces of silver and 11.5 million carats of diamond in 2013. Gold and diamond reserves are found mainly in the state of Western Australia, while the main silver reserves are in Queensland, South Australia and the Northern Territory.

Scope
The report contains an overview of the Australian precious metals mining industry together with the key growth factors and restraints affecting the country’s precious metals mining industry. It also provides detailed information about production, prices, reserves, reserves by regions, competitive landscape, major active, exploration and development projects and trade. Also included is the country's fiscal regime, which includes governing bodies and relevant laws, rights and obligations of the mining companies, as well as key fiscal terms.

Reasons To Buy
To gain an understanding of the Australian precious metals mining industry, the relevant drivers and restraining factors, historical and forecast production and trade data and the fiscal regime.

Key Highlights
‧ Western Australia accounted for more than 70% of country’s total gold and diamond production in 2013. Gold reserves are mostly found in the Olympic Dam in South Australia, Cadia East in New South Wales, and Boddington and Telfer in Western Australia.
‧ Australia exported 282,100 ounces of gold in 2012 mainly to India, the UK and Thailand. In 2013, diamond exports reached 11.6 million carats.
‧ The potential for growth in the country’s precious metals mining industry is backed by upcoming and expansion projects, plentiful reserves and resources and growing demand from consuming countries such as China, India, Hong Kong and other Asian countries.
‧ A number of projects are expected to commence operations during 2014–2021. Gold projects such as the Camel Creek Project in Western Australia and Castle Hill Project in Western Australia are expected to start in 2014.

1 Executive Summary 1
2 Precious Metals Mining in Australia 7
2.1 Country Overview 7
2.2 Mining Overview 7
2.3 Precious Metal Mining in Australia – Drivers 8
2.4 Precious Metals Mining in Australia – Restraints 9
3 Gold Mining in Australia – Production, Consumption, Reserves and Trade 10
3.1 Reserves by Geographic Regions 10
3.2 Historical and Forecast Production 12
3.2.1 Total Production, by Region/State/Basin 15
3.3 Gold Prices 17
3.4 Total Production by Major Mines 18
3.5 Total Production by Mining Method 19
3.6 Major Exploration and Development Projects 19
3.7 Export to Destination Countries 21
3.8 Demand Drivers 22
3.8.1 Increasing Demand for Gold from Asian Countries 22
3.8.2 Demand for Gold vs. Final Uses 22
4 Silver Mining in Australia – Production, Consumption, Reserves and Trade 24
4.1 Reserves by Geographic Regions 24
4.2 Historical and Forecast Production 24
4.2.1 Total Production by Region, State or Basin 26
4.3 Silver Prices 27
4.4 Total Production by Major Mines 29
4.5 Total Production by Mining Method 29
4.6 Major Exploration and Development Projects 30
4.7 Demand Drivers 32
4.7.1 Increasing Demand for Silver 32
5 Diamond Mining in Australia – Production, Consumption, Reserves and Trade 33
5.1 Reserves by Geographic Regions 33
5.2 Historical and Forecast Production 33
5.3 Total Production by Region, State or Basin 35
5.4 Total Production by Major Mines 36
5.5 Total Production by Mining Method 36
5.6 Major Exploration and Development Projects 36
5.7 Rough Diamond Exports 37
6 Competitive Landscape 39
6.1 Newmont Mining Corporation 39
6.2 Barrick Gold Corporation 40
6.3 Newcrest Mining Limited 42
6.4 Glencore Xstrata Plc 44
6.5 BHP Billiton Limited 45
6.6 Rio Tinto Limited 46
7 Fiscal Regime 48
7.1 The Australian Mining Industry – Governing Bodies 48
7.1.1 National level 48
7.1.2 State/Territory Involvement 49
7.1.3 New South Wales 49
7.1.4 Northern Territory 49
7.1.5 Queensland 50
7.1.6 South Australia 50
7.1.7 Tasmania 50
7.1.8 Victoria 50
7.1.9 Western Australia 50
7.2 The Australian Mining Industry – Governing Laws 51
7.2.1 Offshore Legislation 51
7.2.2 Onshore legislation 51
7.2.3 Australian Radiation Protection and Nuclear Safety Act 1998 53
7.2.4 Nuclear Non-Proliferation (Safeguards) Act 1987 53
7.3 The Australian Mining Industry – Rights and Obligations 54
7.3.1 Rights 54
7.3.2 Obligations 54
7.4 Australia, Key Fiscal Terms 54
7.4.1 Royalty 54
7.4.2 Minerals Resource Rent Tax (MRRT) 58
7.4.3 MRRT Allowance 58
7.4.4 Corporate Income tax 58
7.4.5 Capital Gains 59
7.4.6 Deductions 59
7.4.7 Depreciation 59
7.4.8 Withholding Tax 59
7.4.9 Loss Carry Forward 59
7.4.10 Loss Carry Back Offset 59
7.4.11 Goods and Services Tax 60
8 Appendix 61
8.1 What is this Report About? 61
8.2 Methodology 61
8.3 Secondary Research 61
8.4 Primary Research 62
8.5 Contact Timetric 62
8.6 About Timetric 62
8.7 Timetric’s Services 63
8.8 Disclaimer 64